how-to-ask-for-payment-politely How To Ask For Payment Politely

Following up with invoices is a fact of life for business owners. But many people get very nervous when a payment becomes overdue and they need to ask for payment. The most important thing you can do is develop an efficient collections system that you follow with every client and every invoice. This will give […]

Client Is Refusing To Pay For Work Done

Unfortunately dealing with clients who refuse to pay for product or services delivered is all too common. Every business owner who has been in the game for any significant amount of time will deal with customers who simply refuse to pay. So what are your options when this happens and what can you do next […]

Why Your Profitable Business Is Going Bust

So your business appears to be booming. New customers, orders and projects are coming in all the time and you’re excited about the new growth. Yet when you look at your business bank account at the end of the month there’s no money there. What is happening? What are you going to do about it? […]

Important Tips For Small Businesses To Get Paid On Time

One of the most important – yet often overlooked – aspects of running a small business is developing systems and policies to ensure you get paid on time. Today we’ll discuss the 3 main areas that need to be addressed to keep your cash flow coming in on time. Your written Terms Of Trade for […]

Smart Invoicing: Payment Terms To Avoid Late Payment

It’s great to have lots of customers and new business coming that is going to bring in increased revenue to your business. But in reality if the invoices to those customers are not getting paid on time it can send your business bust despite how busy you appear to be. In previous articles I have […]

Do You Have A Negative Cash Flow Business Model?

Cash flow issues are a common cause of business hardship and failure. While some industries may be more prone to cash flow problems than others, no business is one hundred percent immune. In this article we’ll look at: The importance of cash flow How to recognise cash flow problems early Common negative cash flow business […]

How Long Until Old Debts Become Too Old To Pursue?

How Long Until Old Debts Become Too Old To Pursue? There are certain time limits that a creditor has to pursue an old debt before it becomes too old to pursue legal action. This article is for you if you currently have an old outstanding debt and want to know: How long does a creditor […]

what-happens-to-debt-when-selling-a-business What Happens To Debt When Selling A Business?

Many times when a business gets sold it can be very difficult for creditors to recover any outstanding debts. This is due to a number of reasons, which we will discuss in this article, along with some tips on how you can protect yourself from a bad debt expense. When you learn that a customer […]

why-a-simple-64-credit-check-could-save-you-10000 Why A Simple $64 Credit Check Could Save You $10,000+

How well do you know your customers? Does your business offer generous credit and invoicing terms without understanding the potentially severe financial risk involved? Do you know you can dramatically reduce your businesses financial risk for just  $64? In the “Age Of Information” and lighting fast Internet data it’s astonishing that the vast majority of […]

reducing-unpaid-invoices-how-to-identify-customers-who-cant-pay-their-debts Reducing Unpaid Invoices: How To Identify Customers Who Can’t Pay Their Debts

Once an invoice becomes overdue the chances of it being paid in full diminish with every passing day. In fact recent studies show that invoices that are between 3-5 months overdue are 70% less likely to be paid than those that are 1-3 months over due. So what does this tell us? It means that […]