When you’re running your own small business, especially if you’re a solo operator, you need four pairs of hands, eyes in the back of your head, and psychic abilities don’t hurt either.
Managing Slow Payers
When you’re running your own small business, especially if you’re a solo operator, you need four pairs of hands, eyes in the back of your head, and psychic abilities don’t hurt either.
Most of your clients will be wonderful, but some will be difficult. And unless you have a system in place to manage them, slow-paying clients fall into the difficult class. If you allow it, slow-paying clients can damage your cash flow.
My system for managing slow-payers is simple. So far it’s worked well, but I’m thinking of revising it, and following up more quickly.