Day 27 of 31 Days to Freedom in Your Business

You also need to stay on top of Accounts Payable (A/P).

A couple of questions…

  1. Do you like it when your clients don’t pay you on time or when you have to chase them down to get that payment?
  2. Does that history make you less likely to provide above and beyond service the next time they are in a bind?

That’s how your vendors feel when you don’t pay them on time.  This needs to be a scheduled priority.

You also don’t want late fees.  That’s the A/P equivalent of an unsportsmanlike conduct penalty for celebrating too much after a touchdown.  Just wasteful.

Pay your bills.  Pay them ontime.

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