{"id":17598,"date":"2017-12-05T14:52:11","date_gmt":"2017-12-05T14:52:11","guid":{"rendered":"https:\/\/www.potential.com\/?p=17598"},"modified":"2023-04-17T17:44:12","modified_gmt":"2023-04-17T17:44:12","slug":"tips-getting-paid-quickly","status":"publish","type":"post","link":"https:\/\/www.potential.com\/articles\/tips-getting-paid-quickly\/","title":{"rendered":"5 Tips for Getting Paid Quickly"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" itemprop=\"image\" class=\"aligncenter wp-image-17658 size-full\" title=\"Paid Quickly\" src=\"https:\/\/www.potential.com\/wp-content\/uploads\/2017\/12\/paid-quickly.png\" alt=\"Getting Paid Quickly\" width=\"720\" height=\"405\" srcset=\"https:\/\/www.potential.com\/wp-content\/uploads\/2017\/12\/paid-quickly.png 720w, https:\/\/www.potential.com\/wp-content\/uploads\/2017\/12\/paid-quickly-300x169.png 300w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Do you struggle to get paid quickly? It&#8217;s a challenge for every business.<\/p>\n<p>There are many stories of profitable businesses that went bust because they had cash flow issues. Since they weren&#8217;t getting paid quickly, their expenses and payments to their suppliers would outpace the cash coming in from their customers.<\/p>\n<p>Many entrepreneurs and small and medium business (SMB) managers know the saying &#8220;cash is king&#8221;.<\/p>\n<p>Cash in hand is essential for the running of a business, so the more you are able to get paid quickly the more you can have your cash working for you.<\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/5N_IavDq2bQ?rel=0&amp;showinfo=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2><strong>Here are 5 Tips for Getting Paid Quickly:<\/strong><\/h2>\n<ul>\n<li>\n<h3>Invoice a job as soon as possible<\/h3>\n<p><a href=\"https:\/\/www.billdu.com\/free-invoice-generator\/\" target=\"_blank\" rel=\"noopener\">Invoice your customers<\/a> when a job is done or an item is shipped instead of waiting until the end of the month.<\/li>\n<li>\n<h3>Require down payments or phased payments<\/h3>\n<p>By not waiting for payments at the end of the entire service or product delivery.<\/li>\n<li>\n<h3>Send invoices by email<\/h3>\n<p>Instead of sending by post and if the client requires an original invoice, then send it following the email by express courier.<\/li>\n<li>\n<h3>Accept Credit Card Payments<\/h3>\n<p>Which would allow you to collect funds immediately from the client when they purchase your product or service.<\/li>\n<li>\n<h3>Offer a discount for early payments<\/h3>\n<p>Instead of giving a discount to the client on the selling price offer the discount if they pay early.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Getting cash into your business as soon as possible and holding on to it as long as possible are essential elements of good cash flow management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Do you struggle to get paid quickly? It&#8217;s a challenge for every business. There are many stories of profitable businesses that went bust because they had cash flow issues. Since they weren&#8217;t getting paid quickly, their expenses and payments to their suppliers would outpace the cash coming in from their customers. Many entrepreneurs and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":17658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,20,99],"tags":[47],"class_list":["post-17598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-entrepreneurship","category-finance-accounting","tag-cash-flow"],"_links":{"self":[{"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/posts\/17598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/comments?post=17598"}],"version-history":[{"count":16,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/posts\/17598\/revisions"}],"predecessor-version":[{"id":22878,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/posts\/17598\/revisions\/22878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/media\/17658"}],"wp:attachment":[{"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/media?parent=17598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/categories?post=17598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/tags?post=17598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}