This episode is a re-run. It was originally published in August 2024.

Getting paid late is not a client problem. It’s a systems problem.

If your payment terms are loose and your follow-up is weak, you’re training your client to pay you last.

In this episode, we walk through how to set shorter terms, follow up like a pro, and make timely payments the norm, not the exception.

Listen up.

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Timestamps:

(1:31) - Setting clear payment terms is crucial

(2:12) - Be clear and specific, state when the invoices will be sent, when payments are due, and the penalties for late payments

(3:40) - Training your clients to pay on time is an ongoing process

(4:04) - Delayed payments can threaten your business’ survival

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

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