How To Get Clients to Pay FasterBy Nina Kaufman, Esq.
During tough times, it’s a beautiful thing to want to be compassionate.
But when it comes to not getting paid and leaving money on the table, that kindness and compassion can be devastating to a small business.
Recently, I’ve been talking to clients about having “money conversations” and how to get paid faster.
You don’t need to be an ogre about asking for money rightfully earned. Leaving aside hard-core collections/lawsuits, what can you do?
In this short video, I outline just a few strategies that they used successfully:
- Streamline the process
- Invoice the right person in the right way – especially with larger corporate clients
- Consider payment plans for mega bills
There are other ways to stay in good communication with your clients, which I outline in my 5-Day Action Plan for Small Business Survival.
To get free access to our digital resources on the topic, visit kaufmanbusinesslaw.com/resources.