November 20, 2024

ep. 219 How to Handle Collections as a Business Owner in 3 Easy Steps

15 minutes

Welcome back, babes, to the Scale Your Sales Podcast! Today's episode tackles a topic every business owner encounters: dealing with non-paying clients. In this insightful and practical episode, we’re diving into strategies to handle collections without losing focus on your core business. Learn how to set boundaries, delegate effectively, and maintain professionalism while protecting your energy and financial health.

Topics Covered:

Why chasing payments can drain your time, energy, and business resources

The importance of separating your role as a business owner from that of a collector

How to delegate financial conversations, even if you’re a solopreneur

Tips for creating “mock team” emails to establish boundaries and streamline collections

The power of letting go of small amounts and focusing on generating new revenue instead

Setting clear consequences for non-payment to protect your business relationships

What that question was, is how quickly can you go make that money up somewhere else? So if you're chasing $30, or $300, or $3,000, think about all the time and energy and resources and team and bandwidth that you're spending chasing all of this. When can you just go out and sell something else? Could you craft an offer on your Instagram stories? Could you put out a low-ticket offer? Could you launch a high-ticket offer? And could you make up that money quickly? – Jillian

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