Aug
28
2006
Need Cash Flow – Get the Invoice Out
Raise your hand if you are guilty of not getting your invoices done in a timely manner? Me too!
david stern writes an excellent piece on what a dramatic impact timely invoicing can have upon a business.
Many business owners don't realize that there's a free way to put an extra $1K, $10K, even $100K in the bank: get customers to pay more quickly. At least a dozen strategies exist to do this, but the simplest one is to invoice customers promptly – within 1-5 days of earning the revenue. This might sound obvious, but it's amazing how many businesses don't make it a priority to get their invoices out on time.
Read Invoice promptly to improve cash flow
