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Advice

8 Quick Payment Terms and Conditions Tips for Small Businesses

Picture this: it’s your end of year. You’re poring over your spreadsheets, and things just aren’t adding up. You’re pulling your hair out, wondering where you went wrong in your small business’ accounting this year.

Finally, you realize: it’s not your accounting that’s off, it’s your payments. Specifically, you still have a handful of active invoices.

64% of small businesses have invoices that will go unpaid for at least 60 days. Late invoices lead to awkward conversations with customers and frustration over your business’ finances. You can do better.

By now, you might be asking yourself: how can I avoid this in the future? It’s easy. Payment terms and conditions.

These are essential for mapping out your business’ income and customer relationships simply and professionally. If you don’t have payment terms and conditions in place, it’s time to set yourself up for success.

Keep reading for eight tips on how.

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from zero to hero
Advice

How to Create a Successful Startup – Part 5.

Halfway there. Your product/service is out there, you’re analyzing user behavior like a pro and offering high-quality customer support to your users. Time to focus inward for a bit and take a good hard look on the inner working of your company, the work-flow, the workforce, how to iron out redundant tasks and effectively focus on the important ones.

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from zero to hero
Advice

How to Create a Successful Startup – Part 4.

Three parts down, a lot more to cover. Last time, we discussed social presence and how to direct your marketing properly and leverage all the tools that can be found online. In part 4 of our Startup series, we will look at launching demos and production versions, analyzing user data and customer support.

 

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