4. Keep on Top of Invoicing
You have lots of new customers who are buying your products/services. Great! But if the work doesn’t translate into actual money, then all is lost. Make sure that you keep on top of your invoices from the get-go. If you use an automated invoicing system, this will all be done automatically for you.
- Send out invoices immediately after completing the work
- Set a payment term of 7 days
- Follow up religiously on unpaid invoices
- Monitor payments by cross-referencing invoice numbers with payments