Managing collections and getting paid with Stephen King. Manage your SME.

The cheque is in the mail…

Today I’m joined by Stephen King from https://www.growthforce.com/

Stephen has a varied background in business and accounting and works with SMEs on providing services and information to help them run a better business.

Today we discuss getting PAID!

Your business does the work, but when do you get paid and how do you manage this when crazy things like global pandemics pop up.

Surprisingly, he doesn’t suggest hiring Pennywise the clown to make your collection calls!

Receivables are an investment your business makes into the business of your customer.

How do you know when it’s ok to extend credit and how do you manage being told that the ‘Cheque is in the mail?’

Get a cup of coffee and join Stephen King and I for this interesting conversation about collections: https://youtu.be/u-eBNJD7iO0

Learn how to buy an already-successful and profitable business even in the covid-recession of 2020: https://www.BusinessBuyerAdvantage.com   **Now with a new section on buying distressed businesses.

Book a call with me at https://www.clarity.fm/davidbarnett  

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[VIDEO] Set Customer Expectations about payment to collect faster. House and consultation updates.

A quick update about how to do a consultation call with me on the phone or skype.

I also give a quick update on the house.

Recently, the same topic has come up again and again, how to collect faster in companies where your customers usually get time to pay you.  I discuss the problem and give several solutions that can help to increase the speed of pay.



The Invest Local Book blog is all about small business, franchises, local investing, home economics, small business systems and borrowing money for your business. It's full of great content and I look forward to seeing your feedback.  Follow me on FaceBook at www.FaceBook.com/DBarnettMoncton.

[VIDEO STORY] The long drive to small claims court

I tell the story of the time I had to sue someone in Edmundston, NB.  A city which is a 5 hour drive from where I live.

I talk about contracts, agreements, my experience with a collection agency, the value of learning by doing and making sure you don't get a poor reputation in business.

Enjoy.