Christmas is a wonderful time for families, not so good for businesses. Why? Unless you are in the retail business, the consumer's bill can take a back seat to paying the debt that you are owed.
Everyone wants Christmas to be a great holiday for their families and others. The folks that owe you money want to provide an enjoyable Christmas for their families and rightfully so, everyone wants to make this Christmas the best ever. To accomplish that, they tell themselves that they will pay your bill in January, right after the holidays. January comes and other bills become more important and they tell themselves that they will pay your bill with their income tax refund.
See where this is going?
The strategy that will help you keep the cash flow coming in through January and beyond? Get permission to run checks by phone of debit/credit card payments on a pre-arranged schedule.
Contact me for more detailed information on how to set these plans up, you'll have a happier new year for it!
Saturday, November 1, 2008
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