Merry Christmas & Happy New Year
As we approach the end of 2016 we would like to say a big 'Thank You' to you all for continuing to support our business as a client, a social media interactor or by providing one of our numerous and very appreciated testimonials.
In return we will continue to provide you with credit control and debt recovery 'hints and tips' to support your own businesses and its all important cash-flow.
Our final hint for 2016 is 'Don't be afraid to ask for your hard earned money', after all this is business. Like most things in life, its the way you ask that can make all the difference.
1.Always email first
Sometimes an invoice is unpaid because your client forgot. A short and sweet email could be enough!
2.Make a 'planned' telephone call
This can feel uncomfortable so to ease anxiety take a minute or two to write down the key points you need to discuss and your goal of securing a date when payment will be made
3. Have a 'Letter of Claim'
So you've emailed and tried to speak to the client and still haven't been paid, what now? It's time to send what is known as a 'Letter of Claim'. The Law calls this Pre-Action Protocols, which is legal speak for ' making sure you've done what you have to'!
So on a letterhead you'll need:
That's it. The 3 Strike Rule!
- A paragraph with an explanation of what the outstanding debt was for.
- A paragraph detailing the outstanding balance and date payment is expected.
- Finally a paragraph declaring the further action that will be taken if payment is not received by the due date.
The other alternative is to speak to us about providing debt recovery or ongoing credit control to free up your time for other priorities. Check out our testimonials and services at www.corpandcom.com