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5 Tips To Get Your Clients To Pay Quickly

<p style&equals;"text-align&colon; justify&semi;">As a small business owner the last thing on your mind is receiving payments from clients&period; Most entrepreneurs are heavily focused on the process of creating something valuable to change lives&period; Whether you’re solving problems or making dreams come true few entrepreneurs give much thought to the billing process&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Since boosting cash flow is a critical part of sustaining and growing your small business use these 5 tips to influence clients to pay quickly&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Put Invoicing at the Top of Your List<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Send out invoices in a timely fashion to boost your cash flow&period; Generating cash through sales forms the lifeblood of your business model&period; If the cash dries up your small business won’t be far behind&period; Invoice at the completion of service rendered to expedite the billing process&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">When work builds up and you feel scattered invoicing often becomes an afterthought until you run into financial problems&period; Bill after the job is done to boost your cash flow&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Go by the Numbers<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">By numbering invoices you set up an orderly&comma; efficient way to track payments&period; Use a consistent numbering system to address any claims and to stay compliant if your small business is audited&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Using numbers to track invoices saves you time and energy&period; If you ever need to pull files you’ll have an effective system in place to find what you need&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Be Nice<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Although you may feel cheated or outright agitated by a late-paying client it always helps to be nice&period; In some cases the client may be highly disorganized or perhaps going through temporary financial difficulties&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In other cases some customers may have totally forgotten to make payment in a timely fashion&period; Have compassion for any client going through a tough situation and be nice when asking for payment&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If you need to follow up a few times simply be pleasant but firm&period; You can make your point in a nice way and you’re far more likely to get paid if you’re polite versus being nasty and rude&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Using buzzwords like &OpenCurlyDoubleQuote;please” and &OpenCurlyDoubleQuote;thank you” can speed up payments significantly&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Use an online payment system to save yourself time and money&period; Creating checks is a less efficient&comma; laborious way to facilitate the payment process&period; Give clients the ability to pay by credit card to streamline your system and to receive payments quickly&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Think about the billing process from the perspective of your client&period; Choose the most convenient&comma; simple and quick method to make and receive payments to make both parties happy&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The number of customers who pay on time will increase when you make it easy for them to send payments&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Remind Them<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Sending payment reminders in a timely fashion gives slow-paying customers a little nudge in the right direction&period; Most forgetful clients need a reminder to get the payment ball rolling&period; Don’t ever assume that the payer has or hasn’t received the initial invoice&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Take all guesswork out of the equation by sending payment reminders within a reasonable time frame&period; A simple&comma; polite&comma; properly worded follow up can speed up payments dramatically&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Download this professional estimate for free if you’re a small business owner who wants to speed up the billing process&period;<&sol;p>&NewLine;

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