Canada Business Network
Getting paid by your customers
Ensuring that you're getting paid on time is an essential aspect of business. It helps you maintain a positive cash flow as well as a positive relationship with your customers. Just as your suppliers expect you to pay them on time, you in turn must require the same of your customers
Keep the following things in mind when you're managing the collection of your invoices.
It's vital to your cash flow to bill your customers as soon as you supply them with a product or service, as opposed to doing all of your invoicing at given intervals...
Why saying 'no' to a client may make sense
It is essential for small business owners to determine when a business opportunity is worth pursuing. It may be difficult to turn down clients, however being selective and choosing to partner with clients that will help you reach your future goals is a great way to build a reputable business.
Reasons to say 'no' to a client
A client may not be the right 'fit' for your particular company ...