Comments for LGP Financial Services http://www.lgpfinancialservices.com LGP Financial Services Sat, 04 Sep 2010 13:57:25 +0000 hourly 1 http://wordpress.org/?v=3.0.1 Comment on 10 Tips to Keep the Cash Flow Coming by admin http://www.lgpfinancialservices.com/sample-article-1/#comment-6 admin Sat, 04 Sep 2010 13:57:25 +0000 http://new.lgpfinancialservices.com/?p=1#comment-6 Carol, thank you for your comments. You make great points, please keep the ideas coming. Carol, thank you for your comments. You make great points, please keep the ideas coming.

]]> Comment on 10 Tips to Keep the Cash Flow Coming by Carol Leavitt http://www.lgpfinancialservices.com/sample-article-1/#comment-5 Carol Leavitt Sat, 04 Sep 2010 13:38:17 +0000 http://new.lgpfinancialservices.com/?p=1#comment-5 Louis, Your article on Keeping Cash Flowing re-inforces good common sense strategies, except item #7. I would never recommend a business offer discounts on late invoices to get cash in. That teaches customers to stall till you're so desperate for their cash you'll take % on the $. I would offer this alternative. 1. Early payment discounts 2% 10 is common 2. Finance charges be applied to late invoices (and are collectible if you push) 3. Call client ask for 30% now to avoid going to collection or reduce compliing finance charges. 4. Be set up to take ck by phone or payment 24/7 via web credit card. This may seem aggressive, but keep in mind...if you're not a bank, don't play banker. There are many many avenues for individuals and businesses to get credit. If you weren't offering it, don't give it. Louis,
Your article on Keeping Cash Flowing re-inforces good common sense strategies, except item #7.
I would never recommend a business offer discounts on late invoices to get cash in. That teaches customers to stall till you’re so desperate for their cash you’ll take % on the $.
I would offer this alternative. 1. Early payment discounts 2% 10 is common
2. Finance charges be applied to late invoices (and are collectible if you push)
3. Call client ask for 30% now to avoid going to collection or reduce compliing finance charges.
4. Be set up to take ck by phone or payment 24/7 via web credit card.

This may seem aggressive, but keep in mind…if you’re not a bank, don’t play banker. There are many many avenues for individuals and businesses to get credit. If you weren’t offering it, don’t give it.

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