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How do you deal with non-paying clients? | |
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TeamBiz Editor | Posted Nov 24, 2009, 12:53pm Getting paid on time is one of the most important aspects of successful cashflow management. Often, small businesses find difficult to deal with late or non-paying clients. How do you manage this aspect of your business? Share your experience with us!
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| | Last edited Nov 24, 2009, 12:53pm by author |
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Sarah Jarvis | Posted Nov 25, 2009, 3:53pm Recently, I had a late payment situation with a client... Phones and e-mails worked to some extent... got some of the money after 5 months of desperate efforts. In the end, we negotiated a monthly payment schedule which seems to be working so far.
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Walter Newman | Posted Nov 27, 2009, 8:52pm Always get paid at least 30% upfront. Some of my clients agreed to pay in full for a discount.
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| | Last edited Nov 27, 2009, 9:48pm by author |
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