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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.
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