We are in a tough economic situation and that could mean even more bad news. People may not b willing to pay the money that is owed, however, we have a solution to that.
The First Step: Have a Method
“Have a well-organized billing system that will alert you when a client is falling behind payments.”
This technique is so you can keep track and be more aware of who is or who is not paying their bills.
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The Second Step: First Play Nice
“Every 30 days follow up on unpaid invoices”
Don’t be hasty and yell at them, ask them that if they were aware of the payment that was due a while ago. Something simple as this could solve the problem, however if it doesn’t…
The Third Step: Then Get Tough
“You have two choices, you can go to a small-claims court or a collection agency.”
The faster you receive your money, the less fees you will receive and the small-claims process can take months.
Information credited to Money magazine, issue: December 2008 by Alexis Jeffries and Brandi Stewart.
