The Guide to Getting Paid: Weed Out Bad Paying Customers, Collect on Past Due Balances, and Avoid Bad Debt

Summary

Over 100,000 businesses have slow or non-paying customers. How can business owners collect that money efficiently and quickly to keep money coming in? The simple answers are in this book. Readers will learn how to protect and grow their biggest asset by having an effective in-house credit policy that helps them to make more sales, increase their cash flow, and make a profit. Offering step-by-step actions for business owners and entrepreneurs to take in order to: weed out bad paying customers, increase their customer base with good paying customers, collect on past due balances, avoid bad debt, and increase their profit using credit management techniques. Business owners will be able to limit their business credit risk and increase their bottom line. Getting Paid will help readers decide what is most important too them in regards to their customers, billing, payment terms, pricing, and cash flow. Thus, allowing them to implement procedures based on their preferences that will work best for them, their business, their vendors and customers. Steps include: Step 1: Understand what credit management or credit policies are; the objectives; and how it affects their business and customers. Step 2: Learn what affects a business cash flow and how to manage it Step 3: Write your own Credit Policy (this is where most business owners run for the hills) Step 4: Improve your bottom line using credit management