Are you having a hard time chasing long overdue invoices?
Collecting debts is something that most tradies don't enjoy doing. It feels like your hassling people, wasting time, and can even trigger other emotions and mostly, it ends in disputes or you having to write off the money as a loss.
What can you do to receive payments without experiencing these issues?
The debt collection strategy we share in this episode shows step-by-step how to get your clients to pay preventing outstandings and debtors.
Let's roadmap your way to that smooth, hassle-free, and successful payment. Click the play button now!
What’s Discussed in This Episode:
1:17 Common scenarios in collecting debts
2:36 Mistake that most tradies make when collecting debts
3:10 What is a front end loaded process?
4:11 Making a favorable payment agreement with your clients
6:31 Organise a clear and concise record keeping system
8:49 The proper way of issuing invoices to clients
12:19 How implementing the debt collection process removes emotions
- Visit the Tradie Business School website (https://tradiebusinessschool.com/)
- Join us on our FREE Facebook Group - Tradies & General Contractors Global
Books mentioned in the episode:
- The Path to Freedom by Barry Williame Magliarditi (https://www.pathtofreedom.com.au/free-book-1)
Thank you for tuning in!