Week 11 (Day 5): Dealing with Late Payments

Managing Cash Flow
Written By Brandy Sparkman

Day 5: Navigating Late Payment Conversations

  • Take Action

  • Helpful Tip

  • Free Resource

Week 11 Day 5 Action Plan

Today, we address the delicate art of communicating with clients about late payments and finding mutually beneficial solutions.

Take Action: Tackling Late Payments Head-On

  • Develop effective communication strategies for addressing late payments.

  • Consider offering alternative payment plans or solutions.

Helpful Tip:

  • Open and transparent communication fosters stronger client relationships.

Free Resource:

Stay in Touch

What is your process to follow up on late payments?

Until tomorrow, happy financial management!

 
Brandy Sparkman
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Week 11 (Day 4): Dealing with Late Payments