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Actual for You - Business Collection: How to Make Sure You Get Paid
Thinking about changing your career... but worried that you may not have the background or qualifications to make the change?In some cases, you're right to be worried. Some careers do require you to possess specific qualifications and experience.However... it could be that your concern isn't warranted at all.Actually, you may have "credentialitis" - you think you need some kind of credential to qualify you for a promotion, new position or career change, wh
And good intentions and clear communication must be backed up by thorough documentation:
#3 - Do all of the paperwork
Business collection is almost always
A reader wrote me with the following questions: "I was researching potential local funders for my project and I found one that is a perfect fit. Their mission aligns with ours and many of the programs they have funded in the past are in the same area of interest as ours. However, their website says they do not accept unsolicited proposals! How can I let them know I think my project would be perfect fit? Here is my answer to their dilemma:First of all, congratula
Here are five key areas of business collection that every decision-maker needs to cover in order avoid using a collection agency and to maximize the chances of getting paid on time:
#1 - Do top-quality work
One of the most common justifications for customers not paying their bills is claiming that the work wasn't done properly. Disputes can leave you in collection limbo for months, even years. And many businesses just give up.
Time is money. The quicker you get in and out with quality work, the more you make. The key is to do what you contract to do.
Most business owners take pride in their work. But if your client perceives a compromise in quality it could give them an excuse to delay payment.
A thorough understanding of your client's expectations is vital. To make sure you're clear about what you're expected to produce:
#2 - Communicate clearly with your clients
Unrealistic expectations about a job can lead to delays in getting paid if the end results aren't what your clients envisioned. Don't assume that they see the same mental picture that you do, or understand the necessary steps and costs involved. Spell it out for them up front.
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients with respect and courtesy. Tension and conflict only cause communication to break down.
And good intentions and clear communication must be backed up by thorough documentation:
#3 - Do all of the paperwork
Business collection is almost always
Did you know that every successful professional has one thing in common? They all possess a strong level of emotional resilience. Were they born with it? No, in most cases they learned it as an ability necessary for survival in business.What is emotional resilience:It is the ability to quickly return to a state of poise, confidence and ease no matter what curves are thrown your way. How do you get there?Here are the 7 Steps:1. Have a strong
#1 - Do top-quality work
One of the most common justifications for customers not paying their bills is claiming that the work wasn't done properly. Disputes can leave you in collection limbo for months, even years. And many businesses just give up.
Time is money. The quicker you get in and out with quality work, the more you make. The key is to do what you contract to do.
Most business owners take pride in their work. But if your client perceives a compromise in quality it could give them an excuse to delay payment.
A thorough understanding of your client's expectations is vital. To make sure you're clear about what you're expected to produce:
#2 - Communicate clearly with your clients
Unrealistic expectations about a job can lead to delays in getting paid if the end results aren't what your clients envisioned. Don't assume that they see the same mental picture that you do, or understand the necessary steps and costs involved. Spell it out for them up front.
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients with respect and courtesy. Tension and conflict only cause communication to break down.
And good intentions and clear communication must be backed up by thorough documentation:
#3 - Do all of the paperwork
Business collection is almost always
Your marketing breakthrough is just around the corner. You can jump start your product launch with the amazing Feeling Formula. You've heard it said - sell the sizzle not the steak. Here's a great take on the sizzle.As you get started on the conceptualizing , advertsing, promotion and distribution, of your product take time out to apply the Feeling Formula.The first step calls for you to take off your traditional marketer's "hat" and think about the experience
Time is money. The quicker you get in and out with quality work, the more you make. The key is to do what you contract to do.
Most business owners take pride in their work. But if your client perceives a compromise in quality it could give them an excuse to delay payment.
A thorough understanding of your client's expectations is vital. To make sure you're clear about what you're expected to produce:
#2 - Communicate clearly with your clients
Unrealistic expectations about a job can lead to delays in getting paid if the end results aren't what your clients envisioned. Don't assume that they see the same mental picture that you do, or understand the necessary steps and costs involved. Spell it out for them up front.
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients with respect and courtesy. Tension and conflict only cause communication to break down.
And good intentions and clear communication must be backed up by thorough documentation:
#3 - Do all of the paperwork
Business collection is almost always
Increasingly, women managers are choosing to “opt out” when corporations fail to meet their professional needs. Opting out—the latest catch phrase within corporate circles—describes the growing trend of leaving corporate positions for alternative career paths.A significant number of women managers are leaving large companies to start their own businesses. In fact, women are quitting corporate jobs in favor of entrepreneurship at twice the rate of men, making a significa
#2 - Communicate clearly with your clients
Unrealistic expectations about a job can lead to delays in getting paid if the end results aren't what your clients envisioned. Don't assume that they see the same mental picture that you do, or understand the necessary steps and costs involved. Spell it out for them up front.
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients with respect and courtesy. Tension and conflict only cause communication to break down.
And good intentions and clear communication must be backed up by thorough documentation:
#3 - Do all of the paperwork
Business collection is almost always
Highly effective marketing is accomplished when your marketing materials and marketing strategy work together to reliably move your prospects through your sales process.Have you ever caught a whiff of a tantalizing aroma wafting through the air as you walked down the street? With your senses suddenly alerted to something tasty nearby you notice the bakery on the corner. As you draw closer you see the storekeeper handing out free samples of the cake you smell. You happi
And good intentions and clear communication must be backed up by thorough documentation:
#3 - Do all of the paperwork
Business collection is almost always a no-win scenario if you can't back up your claims. Without proper documentation, you could find yourself in a "he-said, she-said" situation that leads to a dead end when you try to collect. You're not insulting your client by requiring a written agreement, or for any subsequent changes to be agreed in writing.
#4 - Evaluate your potential client before you contract
You should feel comfortable that the people you contract with are good and reasonable. Some won't pay until you force them into collections. You have to trust your gut instinct. Go with that, and not your wallet!
You'll probably have at least two or three chances to interact before making a commitment in writing. People give off all kinds of indications that result in our having a feeling about them. Look for obvious warning signs, such as being asked to work without a written contract, or to accept changes without documentation. If you're a subcontractor, make sure that you pay attention to the general contractor's reputation. Don't assume that you will be an exception to their noteworthy practices.
There's nothing wrong with researching your prospects. Check them out, especially if you're working for them for the first time, because they will almost always check you out!
And you'll save yourself a lot of time and frustration when you:
#5 - Have a plan
Every company should have a plan that details, at minimum, its procedures for business collection. Most potential problems can be easily avoided by following an effective blueprint for d
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