Collecting Payments: What You Can Do When Clients Don't Pay

Posted by CateCosta under Management
From http://www.inc.com 4221 days ago
Made Hot by: LimeWood on April 29, 2013 8:33 am

Every business has customers who can't or won't pay and this can seriously mess with your cash-flow - or, if they never pay, your profitability. But there are several ways you can deal with these tough customers and get better at collecting the money owed to you. This article provides some tips to do just that.

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Comments

Written by AngelBiz
4220 days ago

It is best to perform due diligence and take these actions before you complete sale rather than waiting for the payment afterwards. I always advise my clients to ask for some payment up front. Also, make sure you don't wait too long after the payment deadline has passed. You need to start calling the clients right away and frequently to find out what's going on and when you can expect the payment.

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Written by CateCosta
4220 days ago

I completely agree. Thanks for the additional tips!

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