How to Drastically Reduce Unpaid Bills and Collections
A re you an Entrepreneur - or a Bill Collector? Sometimes you will find yourself at crossroads while trying to figure out how to get some of your customers to actually pay you for products received, services rendered or time billed. Chasing down payments can become a major distraction - one that can cost you a small fortune in time, and profits that could've been earned with another client or customer... So what's the answer? Well, it's multifaceted, but let's first of all address the main potential issues: 1. Is your price structure conveyed clearly, and in an "up-front" manner? Many entrepreneurs are actually a little uncomfortable when it comes to discussing the price with potential clients. However, it is essential that your customers clearly understand the full price of your product or service. It's usually best to be up-front about this, while letting the perceived value of your offer take care of itself. Remember that your clients/customers are ...