Are you struggling to get clients to pay you on time? Are you constantly having to chase people for payments? Getting paid is an important part of running a trades business. Aside from paying salaries, there are also bills and supplies that have already been bought.

For this week’s podcast episode. Barry and Michael talk about how business owners can ensure that they make money even if the client decides to pull out. Barry also highlights the importance of sending out invoices and having an assistant to help with following up. They discuss other methods that businesses can do to protect themselves legally.

For those that are struggling with collecting payments for finished jobs, this episode will help you create better practices for future projects.

Discussion Points:

0:00 Introduction 

2:07 Make sure you send your invoice out when it should be

4:36 Know what is and isn’t your problem

5:26 The person that screams the loudest gets paid first

7:26 Always define terms of trades accepted

9:17 Three ways to make sure you are paid

10:41 Benefits of hiring someone to help you with invoices

12:29 If you allow late payments, it’s on you

Resources:

• Visit the Tradie Business School website (https://tradiebusinessschool.com/) 
• Join us on our Facebook Group -  Tradies & General Contractors Global 

Books mentioned in the episode: 

• The Path to Freedom by Barry Williame Magliarditi (https://www.pathtofreedom.com.au/free-book-1) 

You can also connect with us on Linkedin. For more podcast episodes, visit our website at https://tradiebusinessschool.com/ or subscribe to The Tradie Business School on Apple Podcasts, Spotify, and Google Podcasts.

Thank you for tuning in!