<ul><li>Cashflow is crucial for businesses, and dealing with late-paying clients can be challenging.</li><li>Late payment issues often stem from disorganization rather than malice.</li><li>Running credit checks on new clients and having clear contracts in place are recommended practices.</li><li>Establishing invoicing processes and negotiating payment terms upfront is essential for smoother transactions.</li><li>Including penalties for late payments in terms and conditions can serve as a deterrent.</li><li>Effective communication and clarity in invoicing procedures are key to avoiding payment delays.</li><li>Maintaining regular follow-ups on invoice status and payment dates is crucial to ensure timely payments.</li><li>Ceasing work if payments are overdue can be a strategic move to prompt clients to settle their dues.</li><li>In cases of non-payment, considering clauses in contracts to protect intellectual property or taking a diplomatic approach can be options.</li><li>Being firm yet empathetic when dealing with late payers can help in resolving payment issues.</li><li>Being prepared to walk away from problematic clients and taking proactive measures in credit control can mitigate payment risks.</li></ul>

How to get paid on time

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