About 90% of small businesses that sell on credit terms say they cannot afford to employ someone full-time to chase payments, so the owners attempt to do the task themselves or get one of their untrained staff to try. The results are not usually very good and debts hang around getting older and harder to collect. Did you know that there is a 50% chance that you will never recover that debt which has aged beyond 180 days?
Even if you consider yourself successful at getting your customers to pay, asking them for money in one breath and then trying to get new business from them in the next is a hard job.
So, what do you do?
You should use the services of an experienced and professional outsource credit controller, such as Accounts Receivable Solutions. No business is too small to benefit from such a service and it is cheaper than you might think.
But perhaps more importantly it removes the stress and burden of doing the task yourself and your cash flow is improved dramatically.
For an obligation free chat, give me, Adrian, a call on 0427 881 818 and learn how you can get paid painlessly.