Getting your Bills Paid on Time

According to Dun & Bradstreet’s latest Trade Payments Analysis, most Australian businesses take on average 51.7 days to pay their bills. That’s almost two months!

Running your own business can be extremely rewarding but there will always be times when it can be quite the opposite. Many factors will determine the success or failure of a small enterprise however the most common is cash flow.

Without the regular inward flow of cold, hard cash any business will die a natural death.

Waiting up to two months for bills to be paid can sound a death knell to many small businesses but there ways around this.

If your clients are struggling to get their customers to pay on time, show them this helpful video entitled “Getting your bills paid on time”. It explains three simple solutions that can apply to most businesses which could mean the difference between thriving and surviving. If you have any suggestions about getting clients to pay invoices I would love to hear them!