Invoice Payment Terms That Get You Paid Faster
Tom runs a small plumbing business. Last year, he was using “Net 30” payment terms because that’s what everyone told him was “standard.” Problem? His average payment time was actually 47 days, and he was constantly stressed about cash flow.
This year, he changed his payment terms. Nothing fancy – just smarter wording and better incentives. Now his average payment time is 12 days, and he’s sleeping better at night.
Small Business Invoice Automation: What Actually Works
Last month, I talked to Sarah, a freelance graphic designer who was spending 3 hours every week just creating invoices. Three hours! That’s time she could’ve spent with clients or, you know, having a life.
Then there’s Mike, who runs a small consulting firm. He told me he tried to automate everything with a complex system that cost $200/month and took two weeks to set up. Six months later? He was back to manual invoicing because the “automation” was more work than doing it by hand.
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