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]...
In The Doldrums With Your Business? Thrive! TV Tips

In The Doldrums With Your Business? Thrive! TV Tips

Do you feel a bit deflated and in the doldrums about your business? Have you lost that original shine of why you started the business in the first place? Chances are you have lost sight of where you want to take your business and you feel stuck, lack luster, that your hard work is making NO difference and you are having no impact. The simplest way to get your mojo back is to reconnect with the future success of your business. Imagine your business is as successful as you want it to be – wouldn’t you be excited about it then? Wouldn’t it make the hard work worth it? It sounds easy to talk about it, but I know from my own experience when you are in the doldrums it’s hard to feel the love! So if you want to reconnect and start to fall in love with your business again, try these 3 simple steps: Create a vision board – a beautiful vision board that is evocative with lots of yummy images on it that represents how you want your business to be in 5 years. Create a set of goals –that will bring you closer to the vision in the next 12 months. Look at your vision board and goals – do this EVERY DAY. Looking at your board everyday will reinforce the big reason why you are doing this business, and then give you some tangible goals to go after. You will remember why you are doing it and engage with the impact you want to make in the world. Your Action:   Vision board 3...
Do You Squirm When You Mention Price? Thrive! TV Tips

Do You Squirm When You Mention Price? Thrive! TV Tips

Be honest, when you mention price to a prospect over the phone or face to face, do you squirm inside? You know what I mean – you hesitate, look down and say gently, your asking price. Inside you are squirming! And you are thinking, ‘Oh maybe I should have made it less, maybe it’s too much and they’ll say no.’ And then, because the squirming is SO bad inside, you offer to discount even before they have had a chance to respond. Or you offer payment plans… or worse, offer to do it for free. When I started coaching 10 years ago, that was my approach… ugh! If this sounds like you, you need to be more confident in your pricing strategy and truly understand and own your value. Here are 3 key steps to help you leave the squirming behind: Market research – Is your price set at the right level? Check out the competition and what your prospects will pay. You deserve it – Write a list of 20 (yes 20) reasons why you deserve to be paid that much… experience, training, clients etc, etc. Know your value – It is imperative that you know and totally believe in the value that your offering gives your customers. When you believe they will as well. Write a list of the 20 ways in which customers benefit from working with you.   Your Action:   Stop squirming and embrace your value! Take the time to complete the 3 steps – market research, why you deserve it and know your value. Write it all down and then review your price....
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