The Tradies Debt Collection Process | Episode 049

The Tradies Debt Collection Process_FYT

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:

0:00 Introduction

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



Books mentioned in the episode: 


You can also connect with us on Linkedin. For more podcast episodes, you may also visit our website. You can also listen to the Tradie Business School on Apple Podcasts, Spotify, and Google Podcasts.


Thank you for tuning in! 

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