No small business can afford to be a bank, yet many of you extend credit each and every day to clients who want to pay Net 30 or more. That’s not good cash flow management.
If you simply must do business this way, take the time to learn about collecting and creditors’ rights before the unpaid bills start piling up.
Many organizations are so focused on ‘getting the sale’ that they inadvertently do the wrong things,” says Bob Bernstein, managing partner of Bernstein Law Firm, P.C. “It’s understandable. There is an inherent tension between sales and credit, and until your company learns to defuse that tension, you’re going to keep making the same mistakes.
That means you need to pay attention.Remember, the biggest sale in the world means nothing until you get paid. Click To Tweet
And Bernstein shares four more little-known creditors’ rights secrets below to help with your cash flow management.
Getting paid is what makes companies successful. Are you getting the cash you deserve in your business?
Hello! I'm Denise, Your Strategic Partner -- Let me guess. You bought into the hustle, hustle, hustle vibe and now you're on the brink of burnout. You keep setting your alarm for earlier in the day, but don't gain anything from it -- except bleary eyes and frustration about how little you've accomplished at the end of the day. I get it. I've walked in those shoes and they aren't a good fit for anyone. Let me help get you where you want to go without all the stress and frustration.Click here to learn more.
3 Quick (and Free) Tricks to Researching Your Target Market
Rev.com Review – Captions and Transcription for Facebook Live or YouTube
Setting Business Boundaries and Saying No Is Vital To Business Survival
10 Ways to Provide the Best Customer Service Every Day of the Year
Should You Take On A Business Partner? 7 Things To Consider First
Abandoning Your Blog For Social Media Is A Fatal Mistake
Will Your Business Sizzle or Fizzle This Summer?
Do You Need A New Year To Stay Motivated?
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.