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Added for You - Business Collection: How to Make Sure You Get Paid
New technology is hitting the market and existing technology is being refurbished and applied to the legal industry every day. Whether you need to reduce HR expenses, increase collections or stimulate client generation, chances are some form of technology will play a big part in any firm initiative.Some basic considerations when evaluating technology options include:Security/Confidentiality ~ If a website or representative does not mention it, move along!aren't what your clients envisioned. Don't assume that they see the same mental picture that you do, or understand the necessary steps and costs involved. Spell it out for them up front.
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients w
In many parts of the country there are bicycle shops, which clearly have the lion’s share of the business. Often this is due to longevity in location or having multiple locations. Often it is also due to sponsoring races, rides and bike clubs. Smart regional bike shops often have professional riders and give classes on riding, bike maintenance and bicycle gear and all this information distribution and community goodwill pays off.In my younger days I rode my bike from Oreg
Here are five key areas of business collection that every decision-maker needs to cover in order avoid using a collection agency and to maximize the chances of getting paid on time:
#1 - Do top-quality work
One of the most common justifications for customers not paying their bills is claiming that the work wasn't done properly. Disputes can leave you in collection limbo for months, even years. And many businesses just give up.
Time is money. The quicker you get in and out with quality work, the more you make. The key is to do what you contract to do.
Most business owners take pride in their work. But if your client perceives a compromise in quality it could give them an excuse to delay payment.
A thorough understanding of your client's expectations is vital. To make sure you're clear about what you're expected to produce:
#2 - Communicate clearly with your clients
Unrealistic expectations about a job can lead to delays in getting paid if the end results aren't what your clients envisioned. Don't assume that they see the same mental picture that you do, or understand the necessary steps and costs involved. Spell it out for them up front.
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients wi
Leaning back in my post-Thanksgiving glow, I snuggled in my easy chair, put my feet up, sighed, and read my book until the need for a nap overtook me in a few moments. We all like our comfort. As a culture we certainly prefer comfort to discomfort. The problem is that being in a place of comfort lulls us. It lulls us from thinking, from learning, from activity, from progress, from growth. It’s exactly the same in business.Comfortable businesses tend to coast. They s
#1 - Do top-quality work
One of the most common justifications for customers not paying their bills is claiming that the work wasn't done properly. Disputes can leave you in collection limbo for months, even years. And many businesses just give up.
Time is money. The quicker you get in and out with quality work, the more you make. The key is to do what you contract to do.
Most business owners take pride in their work. But if your client perceives a compromise in quality it could give them an excuse to delay payment.
A thorough understanding of your client's expectations is vital. To make sure you're clear about what you're expected to produce:
#2 - Communicate clearly with your clients
Unrealistic expectations about a job can lead to delays in getting paid if the end results aren't what your clients envisioned. Don't assume that they see the same mental picture that you do, or understand the necessary steps and costs involved. Spell it out for them up front.
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients w
While the first part of the story was setting straight the fundamentals of the Human Dimension, the second part is dedicated to translate this into practical action.Let’s have look at the Human Dimension in your company and what you can do to find the hidden diamonds and use them. It is a down to earth approach with concrete steps to follow coming from the realm of Personal Growth:If you are the owner and/or CEO start to ask yourself these questions:• Do I k
Time is money. The quicker you get in and out with quality work, the more you make. The key is to do what you contract to do.
Most business owners take pride in their work. But if your client perceives a compromise in quality it could give them an excuse to delay payment.
A thorough understanding of your client's expectations is vital. To make sure you're clear about what you're expected to produce:
#2 - Communicate clearly with your clients
Unrealistic expectations about a job can lead to delays in getting paid if the end results aren't what your clients envisioned. Don't assume that they see the same mental picture that you do, or understand the necessary steps and costs involved. Spell it out for them up front.
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients w
"You are testing my patience."I had just shared an article with my husband on "Secret Dining", a hip new trend making its way from Chicago to New York. Essentially these underground "restaurants" offer gourmet dinners at invitation-only parties in exchange for "donations". Sometimes dinners are combined with salon-type discussions, art showings or other events. Cool, exclusive, hip. All the fun of running an upscale restaurant without all the health department hassles.ality it could give them an excuse to delay payment.
A thorough understanding of your client's expectations is vital. To make sure you're clear about what you're expected to produce:
#2 - Communicate clearly with your clients
Unrealistic expectations about a job can lead to delays in getting paid if the end results aren't what your clients envisioned. Don't assume that they see the same mental picture that you do, or understand the necessary steps and costs involved. Spell it out for them up front.
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients w
People like to know why you are doing something and to be kept informed. Telling them the reason why you are having a sale, or reducing your stock is a powerful way to get them interested.If you are making a special offer or a specific claim when you advertise, state your reason for doing it. Be honest. You’ll be amazed how people will respond and buy more of your products.If you have a new product that you are trying to sell e.g. a new type of fire extinguisher,
Brief your employees and subcontractors to communicate changes and problems to you right away. Also, make sure that your people treat your clients with respect and courtesy. Tension and conflict only cause communication to break down.
And good intentions and clear communication must be backed up by thorough documentation:
#3 - Do all of the paperwork
Business collection is almost always a no-win scenario if you can't back up your claims. Without proper documentation, you could find yourself in a "he-said, she-said" situation that leads to a dead end when you try to collect. You're not insulting your client by requiring a written agreement, or for any subsequent changes to be agreed in writing.
#4 - Evaluate your potential client before you contract
You should feel comfortable that the people you contract with are good and reasonable. Some won't pay until you force them into collections. You have to trust your gut instinct. Go with that, and not your wallet!
You'll probably have at least two or three chances to interact before making a commitment in writing. People give off all kinds of indications that result in our having a feeling about them. Look for obvious warning signs, such as being asked to work without a written contract, or to accept changes without documentation. If you're a subcontractor, make sure that you pay attention to the general contractor's reputation. Don't assume that you will be an exception to their noteworthy practic
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