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Cash flow is the cornerstone of any small business so what do you do when outstanding invoices accumulate? There seems to be a theme of late as I’m increasingly talking to my new clients about invoices or payments that are outstanding for them.
In this episode, I’m diving into the topic of what to do when you haven’t been paid. I share my tips for what to do and outline the process I go through with my clients to help put a plan in place. I discuss going back to basics by looking at your business terms, determining if there have been changes to the scope of work and ensuring you collect as much information as possible.
I also discuss the process of taking legal action, when and why this would happen and how having systems properly set up from the beginning will avoid you getting into trouble in the future.
LINKS:
Get your free copy of my Annual Legal Checklist here
Website:tmsolicitor.com.au
Instagram:https://www.instagram.com/tmsolicitor/
Facebook:https://www.facebook.com/traceymylecharanesolicitor
Send us a text
Cash flow is the cornerstone of any small business so what do you do when outstanding invoices accumulate? There seems to be a theme of late as I’m increasingly talking to my new clients about invoices or payments that are outstanding for them.
In this episode, I’m diving into the topic of what to do when you haven’t been paid. I share my tips for what to do and outline the process I go through with my clients to help put a plan in place. I discuss going back to basics by looking at your business terms, determining if there have been changes to the scope of work and ensuring you collect as much information as possible.
I also discuss the process of taking legal action, when and why this would happen and how having systems properly set up from the beginning will avoid you getting into trouble in the future.
LINKS:
Get your free copy of my Annual Legal Checklist here
Website:tmsolicitor.com.au
Instagram:https://www.instagram.com/tmsolicitor/
Facebook:https://www.facebook.com/traceymylecharanesolicitor
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