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As the owner of a small business, you undoubtedly run a tight ship. In order to keep your bottom line in check, you strive to be financially prudent. One way savvy business owners can keep a firm grip on the company's purse strings is to not waste funds on "avoidable" litigation. Such litigation is that which could have been "avoided" if certain preliminary measures had been taken. These measures are akin to playing good defense. By adopting a good defensive strategy, you can potentially save your business potentially thousands of dollars in lengthy litigation and keep your focus on running and expanding your profit margin.

No one starts a business with the goal of losing money. Rather, as a business owner you hope to start turning a profit as soon as you open your doors for business. However, even if your business is doing well financially, there are certain things beyond your control that can drag down profits, such as unpaid invoices.