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5 Tips for Getting Paid Quickly
Managing your Cash Flow

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Module 1 | Managing your Cash Flow | |
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Unit 1 | Managing your Cash Flow Pretest | |
Unit 2 | 5 Tips for Getting Paid Quickly | |
Unit 3 | 5 Steps for Managing your Cash Flow | |
Unit 4 | 5 Ways in which Business Cards Offer Better Advantages than Checks | |
Unit 5 | 7 Reasons Why you should Prepare a Cash Flow Projection | |
Unit 6 | 3 Essential Sections of a Cash Flow Statement | |
Unit 7 | Managing your Cash Flow Posttest |
Survey Questions
Hi. In this video, you will learn 5 tips that would help you in getting paid quickly
Cash in hand is essential for running of a business, so the more you are able to get paid quickly the more you can have your cash working for you.
Here are 5 Tips for Getting Paid Quickly:
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Invoice a job as soon as possible, such as when a job is done or item is shipped instead of waiting till the end of the month
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Require down payments or phased payments by not waiting for payments at the end of the entire service or product delivery
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Send invoices by email instead of sending by post and if the client requires an original invoice, then send it following the email by express courier
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Accept Credit Card Payments which would allow you to collect funds immediately from the client when they purchase your product or service
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Offer a discount for early payments instead of giving a discount to the client on the selling price offer the discount if they pay early
Getting cash into your business as soon as possible and holding on it as long as possible are essential elements of good cash flow management.
Cash is king, Get every drop of cash you can get and hold onto it. Jack Welk