A coaching client related how one of his customers arbitrarily decided to change the payment schedule that was clearly written on the contract.
Have you noticed that when you have a solid, well thought out payment schedule and insist your customers abide by that schedule, you have fewer problems?
One of the guys said he noticed that since he tightened up the payment schedule on his contracts, he seemed to have much happier customers.
A young businessman called. He was in a state of shock after checking his books over the weekend and found over $11,000 in receivables, much of it over 30 days.
Respect your time – get paid for the work you do.
I was recently involved as an expert witness for a contractor who wasn’t getting paid for work completed. The hardest part will be proving actual expenses for the job.
We recently got a call from a young man with a remodeling company in the east. An architect was providing him with a great opportunity and he wanted my opinion.
A question came in this week from a potential coaching client about when to schedule payments on their contracts.
What do you do when a progress payment from your customer is late?