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will appreciate the reminders, resulting in faster payment. • If invoices are recurring, obtain recurring credit card authorization from your customers to automate on-time payments. • Understand why your clients are paying late. They might be unhappy with your product or service. Or perhaps an invoice has recurring mistakes, or it is not structured to flow through the customer’s automated invoicing system. • Understand each customer’s payment cycles, and time your billings to coincide. • Pay many of your own expenses with a credit card so you can play the float. Get your own customers to pay ...more
Scaling Up: How a Few Companies Make It...and Why the Rest Don't (Rockefeller Habits 2.0)
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