Home
>
Small Business
>
Small Business Owners - They Owe You The Money Why Dont They Pay?

Small Business Owners - They Owe You The Money Why Dont They Pay?

Doesn't it frustrate you when you've given good service, sometimes super service, and the customer doesn't pay you?

Some of them aren't doing too well and are struggling for cash, but, gee, so are you. In the time they take to pay they could have paid off a little each week and the debt would be gone.

You know others have the money but it takes them six months of sending them copy after copy of invoices, letters and telephone calls before they open their purse?

And often the worst are Government Departments and large businesses. You don't want to lose sales to these customers but your cash-flow is hurting and you dropped your price to get the contract as well.

Is there any way to stop it?

Perhaps not completely, but there are ways to control the problem. Owners should have a clearly defined Rules of Credit which is known to staff and customers?and they should apply them consistently.

Many owners started off with some rules but over the years they have become lax at applying them. Customers and staff have become so used to breaking them that it's as though there are no rules at all.

The minimum rules are:

Credit check for all new clients
Credit limit for all clients
Terms of payment 7 days, 30 days etc. Customers will have to negotiate a longer period.
Procedure for letters 1, 2 and 3.
Procedure for phone calls after letters.
Cash Sales only after limit is reached or deviation from payment policy.
Procedure for debt collection.

It doesn't matter what the rules are, as long as your customers know them and know that you will apply them without favor.
You may need some help from your accountant to fine-tune the procedure and help with the letters and telephone script. http://www.profitstrategies4business.com
About the Author
Kelvyn Peters CPA is one of the longest serving Tax Agents in Australia. He registered as a tax agent in 1962 and was appointed as a CPA in 1964.
He is well-known for his ability to rescue an ailing business. http://www.profitstrategies4business.com
Berwick Chicago charter limousine .. Lockport Chicago limo O’Hare
In The News:
The CyberGuy breaks down five mobile privacy terms that could make a difference when it comes to keeping your personal information safe.
A groundbreaking robot that's like a real-life Wall-E uses advanced artificial intelligence to replicate natural gestures and deliberate actions with striking accuracy.
If not properly managed, Windows Defender Application Control, a security feature with Windows, could be a potential security vulnerability.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
FlashBot Arm, a semi-humanoid robot, acts more like a human than traditional robots, and you may see it working at a restaurant, healthcare center or hotel.
There are multiple ways to find your missing Android phone after it goes missing. One method involves using a smartwatch to ping your phone.
The NeuroOne OneRF Ablation System is a new device with FDA-cleared technology designed for both diagnosing and treating neurological disorders in one procedure.
The CyberGuy provides tips to protect yourself from criminals who use various methods to make unauthorized transactions using your account information.
New drone technology maps land and water with stunning accuracy, giving researchers and conservationists a new way to understand our planet.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
X hit with massive data breach with 200 million records leaked, including emails. Tech expert Kurt “CyberGuy" Knutsson offers seven tips to help protect yourself.
Atlas robot by Boston Dynamics amazes tech expert Kurt “CyberGuy" Knutsson with its breakdancing moves.
Tech expert Kurt “CyberGuy" Knutsson talks about how Google kept Android SafetyCore details quiet until it scanned users' photos.
Hydrogen trucks debut in Georgia, sparking debates on costs and green freight gains. Kurt “CyberGuy" Knutsson comments on this promising chapter in green logistics evolution.
Tech expert Kurt “CyberGuy" Knutsson says ChatGPT learns from chats, but you should avoid sharing sensitive information to protect your privacy.
Beyond Aero's BYA-1: Hydrogen-electric jet with zero emissions, reduced costs, 2030 launch. Kurt “CyberGuy" Knutsson discusses a potential game changer in the evolution of air travel.
Kurt "CyberGuy" Knutsson explains how you can creatively repurpose your old unused Android devices, which are full of potential and hidden value.
Mech the super-humanoid robot can lift up to 132 pounds and is designed to tackle stressful and repetitive tasks that often lead to workplace injuries.
Double-clicking is something we all do, often without giving it a second thought. But it could be giving hackers permission to do something dangerous.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
Kurt the CyberGuy offers some of his easy expert tips to free up storage space on your Android if your device is running short on storage.
You can reset your internet router remotely if you're not home when your power goes out. Kurt "CyberGuy" Knutsson explains how this can be done.
The EO Canopy is a self-sustaining, solar-powered camping platform designed to provide all the comforts of home while completely off the grid.
Experts say hackers who used to focus on Windows operating systems are increasingly targeting Apple IDs as part of a new phishing campaign.
Unitree, a Chinese robotics company that developed a backflipping robot, has now introduced a humanoid robot capable of doing a side flip.