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We all know cashflow is the cornerstone for every small business. So having processes in place to reduce your risk when it comes to setting your business up for success and getting your invoices paid is more important than ever.
Let's face it: no one wants to go down the path of debt recovery because the time, energy and money associated with chasing unpaid debts usually far outweighs the value to the business.
As you know, I'm all about prevention being better than cure in business, and about taking proactive steps to avoid having to call a lawyer later when something's gone wrong.
So, today I'm sharing with you three tried and tested strategies that will protect your creative business and ensure you’re getting paid on time, every time.
We'll discuss the importance of tailored client service agreements to clearly outline what services you're providing and set expectations from the get-go. We'll explore having rock-solid processes and systems in place to follow through on the terms in your agreements, and how to give yourself the ability to stop providing services if invoice remain unpaid.
By implementing these strategies, you position your creative business for consistent cash flow and prevent the messy, often costly, debt recovery process. I hope you find these tips invaluable in helping you stay focused on your creative genius, delivering stellar services to clients who are excited and willing to pay on time.

LINKS:

Episode Website: https://tmsolicitor.com.au/rise-up-in-business-podcast/3-ways-to-ensure-you-get-paid-in-your-creative-business

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