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It wasn’t as troublesome as I believed it will be
Who loves chasing invoices?
Nobody.
I’ve spent years with a enterprise mannequin that included month-to-month invoicing. It sucked hitting “ship” by no means realizing after I was going to obtain fee.
It didn’t matter what the fee phrases have been — Due on Receipt, Web 15, or Web 30.
I by no means went past Web 30 as a result of that’s simply ridiculous! When you can’t pay an bill inside 30 days, which is fairly normal for any invoice, then you might have to rethink your individual enterprise mannequin. Personally, there’s no cause or excuse for Web 60 or 90 fee phrases. Ever.
Purchasers sometimes need me to show tasks in inside every week, relying on the mission. I ship on time, and even forward of time = you pay me on time. That’s the honest trade.
I HATED having to continually and apologetically observe up on overdue invoices. It was awkward for each my purchasers and me. I don’t like asking for cash within the first place, even whether it is owed to me.
However, that is what I believed I needed to do. This was simply how enterprise was finished.
Till I noticed a LinkedIn publish that mentioned: “Don’t ship an bill and wait for somebody to pay. You’re asking means an excessive amount of. Accumulate fee on the decision. You’re making your life and your purchaser’s life a lot simpler by doing this.”
After spending YEARS chasing invoices, this was HUGE for me!
Do you imply, I can gather the funds upfront and by no means should chase invoices once more?
No extra cashflow points, awkward emails, or stressing over after I’m going to receives a commission?? The place do I signal?
It was a significant mindset shift
As soon as I made a decision that each one my purchasers have been going to pay upfront — no exceptions, I felt an enormous mindset shift. I used to be not considering small. I took management of my funds and enterprise and the way issues have been going to be finished. It was extremely releasing!
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