Apr '25 • 🛠️ dev-help
Hard truth for business owners:
The system with highest ROI is often very simple.
Last week I talked to an agency owner. (One of INC 5000 for 2024)
He told me that they have $50,000 in uncollected invoices.
"What and why?" I asked.
"We had too many projects, the payment is sometimes net 30, some 60, just all over the place"
"By the time we sent the invoice, it's been 90 days and the client doesn't wanna pay"
Sounds absurd, but it's happening in lots of businesses.
At the end of the day:
It’s not about how much you sold.
It’s about how much you collect.
I immediately helped him setup system that automates invoice collection.
Sending email reminder to the right PIC.
And most importantly,
keep track of all of the payments.
I set it up in like 45 minutes and connected his accounting software.
$50,000 worth in value.
Not bad for 45 minutes worth of work.
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Hard truth for business owners:
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