It wasn’t as troublesome as I assumed it might be
Who loves chasing invoices?
Nobody.
I’ve spent years with a enterprise mannequin that included month-to-month invoicing. It sucked hitting “ship” by no means figuring out once I was going to obtain fee.
It didn’t matter what the fee phrases have been — Due on Receipt, Web 15, or Web 30.
I by no means went past Web 30 as a result of that’s simply ridiculous! Should you can’t pay an bill inside 30 days, which is fairly customary for any invoice, then you might have to rethink your personal enterprise mannequin. Personally, there’s no motive or excuse for Web 60 or 90 fee phrases. Ever.
Purchasers usually need me to show initiatives in inside per week, relying on the undertaking. I ship on time, and even forward of time = you pay me on time. That’s the truthful trade.
I HATED having to consistently and apologetically observe up on overdue invoices. It was awkward for each my purchasers and me. I don’t like asking for cash within the first place, even whether it is owed to me.
However, that is what I assumed I needed to do. This was simply how enterprise was completed.
Till I noticed a LinkedIn put up that mentioned: “Don’t ship an bill and wait for somebody to pay. You’re asking approach an excessive amount of. Gather fee on the decision. You’re making your life and your purchaser’s life a lot simpler by doing this.”
After spending YEARS chasing invoices, this was HUGE for me!
Do you imply, I can gather the funds upfront and by no means must chase invoices once more?
No extra cashflow points, awkward emails, or stressing over once I’m going to receives a commission?? The place do I signal?
It was a significant mindset shift
As soon as I made a decision that each one my purchasers have been going to pay upfront — no exceptions, I felt an enormous mindset shift. I used to be now not considering small. I took management of my funds and enterprise and the way issues have been going to be completed. It was extremely liberating!