Small Business Focus

How to ensure you get paid

It’s really hard [for a small business] to use the court to collect money.

Pavlo Phitids, Aurik Business Accelerator

Finding customers is one thing; getting paid is another.

Many business owners are too scared to ask for payment for fear of losing the customer.

Yet, the true cost of not getting paid on time is seldom calculated, always felt and increases the risk of the business tremendously.

The Money Show’s Bruce Whitfield interviewed Aurik Business Accelerator’s Pavlo Phitidis for his weekly small business feature.

Phitidis gave advice on the following:

  • How to create and manage a debtor’s policy.

  • How to get paid what’s owed to you.

For more detail listen to the interview in the audio below (and/or scroll down for more quotes from it).

Outsourcing allows you to focus on your core business.

Pavlo Phitids, Aurik Business Accelerator

Don’t go big with an unknown customer!

Pavlo Phitids, Aurik Business Accelerator

Nagging has a huge amount of value!

Pavlo Phitids, Aurik Business Accelerator

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Article brought to us by Old Mutual.


This article first appeared on 702 : How to ensure you get paid


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