When Do You Send Out The Bailiffs? Thrive TV Tips

When Do You Send Out The Bailiffs? Thrive TV Tips

Are Bad Debts Ruining Your Cash Flow? [new_line] Do you resent those clients who aren’t paying you on time, especially when you have spent late nights getting your work done on time or getting their delivery to them it doesn’t seem fair.[new_line] A poor and mismanaged cash flow is a disaster for any business. When you run out of cash, you can’t pay your suppliers or your staff and you have to borrow money. This can be an expensive option.[new_line] Instead of getting bitter and twisted about it, not to mention extremely worried, use this system to manage your cash flow and start to feel in control of your debtors.[new_line] 1. Create an Invoice Due Date:[new_line] Put it on your invoice. Maybe its 14 days, or 30 days, it is up to you. But you need to decide and then place it clearly on your invoice.[new_line] 2. Set yourself three reminders in your calendar:[new_line] i) 2 days before it is due ii) the due date iii) 5 days after the due date [new_line] 3. Use the reminders like this:[new_line] i) 2 days before hand – check if it has been paid[new_line] If it has – great! If not, send them a reminder that the invoice is due on ‘x’ date, and that you are looking forward to their prompt payment.[new_line] ii) On the due date – check again if it has been paid[new_line] Fab if it has, you might even want to thank them. If it hasn’t been paid send them an email reminder requesting payment within 5 days.[new_line] iii) 5 days after the due date – check again[new_line]...
Thrive! TV Tips ~ Want to make more money? Focus!

Thrive! TV Tips ~ Want to make more money? Focus!

From my research on Corporate Crossovers, I know that 68% of women are making less in their businesses that they did when they were in their jobs. If you are disappointed in the amount of money you are making, create a financial goal. A goal will give you focus and something to aim for. Make the financial goal worth going for, so you feel that the work and effort you out into your business is really worth it. Would you like a weekly burst of momentum delivered straight into your in box? Simply click on the button below, we’ll send you the latest tip each week! Sign me up for weekly Thrive!...
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