Make it a point to review ALL of your accounts at least once a week. More if possible! When you don't pay close attention to your accounts, you will see your cash flow slow down. Try it, do a test where you pay close attention to your accounts receivable next week or month and make calls, send letters and stay on top of your customers. Try to do this for one month if you can as a test run.
Once you do this, wait about a week then compare your payments income to the month before when you did nothing. Did you make more money? If you didn't collect or make more money email me immediately!!!!!!!
You can't expect to call someone and set up a payment for next Friday and then never check back to see if that payment has been made. Debtors are like children, they need you to remind them again and again.
Remember, that it is up to you to set a precedence, once you "train" your customers to know you don't wait for your payments, they will remember this when they pay their bills and pay yours before the guy who ignores them.
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