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The Guide to Getting Paid: Weed Out Bad Paying Customers, Collect on Past Due Balances, and Avoid Bad Debt
Give your business a successful credit and collections plan with this easy and clear guide Over 100,000 businesses have slow or non-paying customers. Yet very few actually have a workable plan for claiming the missing revenue that results. This book gives you a complete solution and tool set to ensure your business maximizes its collections while maintaining an effective, profitable credit plan. You'll discover how to set up an efficient in-house credit policy that not only lets you collect more debts, but also boost sales, increase cash flow, and grow profits. Step-by-step credit management instructions show you how to weed out bad-paying customers, add more good-paying customers, collect on past-due balances, avoid bad debt, and limit credit risk. Get Paid enables you to decide what matters most to your business when it comes to billing, payment terms, pricing, cash flow, and more, then set up the systems to meet these goals and increase profitability.
224 pages, Hardcover
First published March 23, 2011
About the author
Michelle Dunn
48 books21 followersMichelle Dunn is a 24 year debt collection industry veteran, entrepreneur, award winning author, self-syndicated columnist, one of the Top 5 Women in Collections and one of the Top 50 most influential collection professionals in her industry.
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Displaying 1 of 1 review
March 27, 2011
When the economy took a nosedive in recent years, businesses in every industrysuddenly had to make more collection calls than ever before. If those businesses didn't have an effective credit policy inplace, they found themselves scrambling.Many fell behind on their own bills, and bad debt rippled through the economy. If only everyone had read this book, where might we be now?
What many business owners fail to realize is that credit management IS your business. A good credit policy will help you make more sales, increase cash flow, and make a profit. The Guide to Getting Paid teaches you how to manage your business credit and accounts payable and receivable in an efficient and effective way. With sample letters and forms, you'll get detailed advice on how to create a simple credit policy that is tough but flexible, has specific action guidelines, and gets enforced consistently. Avoid the common mistakes people make, such as not checking credit, not getting any signed paperwork, or being unfamiliar with laws. The Guide to Getting Paid delivers step-by-step guidance on how to:
Check and issue credit, determine credit risk, and limit that risk
Outline policies and procedures that will help provide your customers with options when they cannot pay in full
Use email and social media in collections
Legally collect money from slow or non-paying customers and enlist third-party collection services
Deal with customers who make deductions on their payments
Improve your phone delivery, and conduct compassionate, rather than angry and aggressive, debt collection calls
A simple and effective credit policy will save you time, money, and headaches. Make sure your business is on top of the credit game, and get paid today!
What many business owners fail to realize is that credit management IS your business. A good credit policy will help you make more sales, increase cash flow, and make a profit. The Guide to Getting Paid teaches you how to manage your business credit and accounts payable and receivable in an efficient and effective way. With sample letters and forms, you'll get detailed advice on how to create a simple credit policy that is tough but flexible, has specific action guidelines, and gets enforced consistently. Avoid the common mistakes people make, such as not checking credit, not getting any signed paperwork, or being unfamiliar with laws. The Guide to Getting Paid delivers step-by-step guidance on how to:
Check and issue credit, determine credit risk, and limit that risk
Outline policies and procedures that will help provide your customers with options when they cannot pay in full
Use email and social media in collections
Legally collect money from slow or non-paying customers and enlist third-party collection services
Deal with customers who make deductions on their payments
Improve your phone delivery, and conduct compassionate, rather than angry and aggressive, debt collection calls
A simple and effective credit policy will save you time, money, and headaches. Make sure your business is on top of the credit game, and get paid today!
Displaying 1 of 1 review