5 Tips for Selling Your Business by Rocklin, Roseville, Sacramento Area Attorney Terry L. Gilbeau

Most businesses have at least one or two slow paying clients. They may be good clients in every other way, help
except for when it comes time to pay the bill. Perhaps they offer promises of payment and even say the check is in the mail, treatment yet it doesn’t arrive and you have to call and hear the same thing over again. This can be a frustrating situation that can be avoided some by taking a few measures ahead of time.

Here are a few tips for handling slow paying clients, information pills
whether they are in the Rocklin, Roseville, and Sacramento areas, or beyond: 

  • Get it in writing. Write up an agreement between your company and the slow paying one. This will get them to agree to the payment terms in writing. Keep that on record, in the event that it is ever needed. Just having it may be enough to prompt them to pay up when you refer back to it.
  • Always send an invoice. Once the work is done, always send an invoice right away. That way they have it on file and you have a record of it. The longer it takes to send an invoice, the more of a delay the payment will tend to be. Get the invoice sent right away.
  • Remind, and remind again. You will need to send reminders to slow paying clients. Remind that their payment is due, and as soon as it is past due, remind them again that payment is due right away.
  • Work with them. There may be clients that are willing to give you a date that they know for sure they can pay. There may be others who can pay you in installments, rather than in one lump sum. Try to work with them so you can get payment out of them.
  • Document all efforts. Keep a written log of every time you contact them regarding payment. Write down who you spoke with and what they said. That way you have that information if you need to refer back to it.
  • Get assistance. If you have a client who owes you a large sum of money and hasn’t been working with you to get it paid, it may be time to get help. An attorney can at least send a letter on your behalf, asking for payment. They can also help take things further if need be.

Slow paying clients can be a major drag for any business. Without good cash flow it can create a problem for most businesses. Follow these tips above to try and keep the cash flowing. With a little bit of effort, you may just get them to pay on time.

The Law Offices of Terry L. Gilbeau provides personalized counsel to clients in a variety of business and personal matters, including creditors’ rights, debt collection, products liability and international transaction issues. His office is located in Rocklin, CA, just outside of Sacramento, CA, near Roseville and can be reached at (916-626-5539) or email Terry at tgilbeau@gilbeaulaw.com. Click here for the firm website http://www.gilbeaulaw.com/
Most businesses have at least one or two slow paying clients. They may be good clients in every other way, help except for when it comes time to pay the bill. Perhaps they offer promises of payment and even say the check is in the mail, cialis yet it doesn’t arrive and you have to call and hear the same thing over again. This can be a frustrating situation that can be avoided some by taking a few measures ahead of time.

Here are a few tips for handling slow paying clients, whether they are in the Rocklin, Roseville, and Sacramento areas, or beyond: 

  • Get it in writing. Write up an agreement between your company and the slow paying one. This will get them to agree to the payment terms in writing. Keep that on record, in the event that it is ever needed. Just having it may be enough to prompt them to pay up when you refer back to it.
  • Always send an invoice. Once the work is done, always send an invoice right away. That way they have it on file and you have a record of it. The longer it takes to send an invoice, the more of a delay the payment will tend to be. Get the invoice sent right away.
  • Remind, and remind again. You will need to send reminders to slow paying clients. Remind that their payment is due, and as soon as it is past due, remind them again that payment is due right away.
  • Work with them. There may be clients that are willing to give you a date that they know for sure they can pay. There may be others who can pay you in installments, rather than in one lump sum. Try to work with them so you can get payment out of them.
  • Document all efforts. Keep a written log of every time you contact them regarding payment. Write down who you spoke with and what they said. That way you have that information if you need to refer back to it.
  • Get assistance. If you have a client who owes you a large sum of money and hasn’t been working with you to get it paid, it may be time to get help. An attorney can at least send a letter on your behalf, asking for payment. They can also help take things further if need be.

Slow paying clients can be a major drag for any business. Without good cash flow it can create a problem for most businesses. Follow these tips above to try and keep the cash flowing. With a little bit of effort, you may just get them to pay on time.

The Law Offices of Terry L. Gilbeau provides personalized counsel to clients in a variety of business and personal matters, including creditors’ rights, debt collection, products liability and international transaction issues. His office is located in Rocklin, CA, just outside of Sacramento, CA, near Roseville and can be reached at (916-626-5539) or email Terry at tgilbeau@gilbeaulaw.com. Click here for the firm website http://www.gilbeaulaw.com/
rocklin roseville sacramento attorneyYou appreciate your customers. You know that you do, pharmacy
but do they realize it? If you don’t know the answer to that question it may be time to hold a ‘customer appreciation’ day or week. Doing so is just one simple way to give back to those who give to you all year, treatment
and lets them know you appreciate their business.

Whether your business is in the Rocklin and Sacramento areas or beyond, symptoms
showing customer appreciation is always a smart move. Here are 5 ways to show your customers appreciation:

  1. Throw a party. Choosing a day, or a couple of hours, to have a dedicated customer appreciation event is a good way to show them you care. Announce the event weeks ahead of time. On the big day, throw a celebration at your business that is all about the customer. Have it catered so there is food, give away a few gifts in a drawing, and make them feel special.
  2. Give something away. If you can give something to all customers that stop by that is great, but if not, hold a drawing and give away a limited number of items. This will still get customers interested and excited in what you are doing, and some will end up getting the prizes.
  3. Offer discounts. Hold a customer appreciation day or week where you give special discounts or coupons that can be used. If you have been in business 15 years, for example, offer a day where customers get 15 percent off their bill.
  4. Print a note. If you have a local paper that is popular, take out a big ad that is aimed at your customers. Use it to write a heartfelt thank you note to your customers for continuing to do business with your company over the years.
  5. Tell them. Make a point one day or week to personally tell every customer that you appreciate their business. If you know each name, be sure to use it to help make them feel special, and let them know you appreciate them stopping in.

Giving your customers a day of appreciation is a small gesture on your part. But for the customers, it can be an important part of continuing to do business with you. Those customers that feel appreciated are more likely to continue working with you. Businesses throughout Rocklin and Sacramento can benefit from holding customer appreciation days. Give it a try and see for yourself!

The Law Offices of Terry L. Gilbeau provides personalized counsel to clients in a variety of business and personal matters, including creditors’ rights, debt collection, products liability and international transaction issues. His office is located in Rocklin, CA, just outside of Sacramento, CA, near Roseville, Lincoln, Auburn, in Placer County and can be reached at (916-626-5539) or email Terry at tgilbeau@gilbeaulaw.com. Click here for the firm website http://www.gilbeaulaw.com/
Even those who have been successful in business for years may at some point want to get out. Whether it’s time to move on or time to retire, sale
you can separate yourself from your business. If done right you may even make a nice profit along the way. It’s important for those businesses in the Rocklin, web
Roseville, and Sacramento area that are interested in selling that they give some thought to the process in order to help make it a success.

Here are 5 tips to help successfully sell your business:

  1. Maintain paperwork. Anyone who is interested in purchasing a company is going to need the details. Keep accurate reports on all the financials, inventory, and tax returns. The more details you can provide, the better off it will be. You may need to work with your accountant to get all of these papers in order, but it will be well worth it in the long run.
  2. Pay attention to your industry. In order to have an accurate snapshot of what a sale in your industry will be like you have to know what is going on. Be sure to do your homework and see what’s happening in your industry so you know if it’s a hot or down market. This is going to make a difference in the length of time it takes to sell, as well as how much you will get for the business.
  3. Hire management. Most people don’t want to buy a business that is completely dependant on the owner, because once you leave they fear it may hurt the company. Before putting it up for sale bring in a good manager, if you don’t have one already, and make sure that person knows how to run the business. This will be a positive to anyone considering purchasing your business because they know it will continue to run smoothly once you depart.
  4. Be realistic. Many people have illusions of grandeur when it comes to selling their business. If you have realistic expectations regarding how long it may take, the process, and what you stand to make, you will come out feeling much better.
  5. Hire an attorney. Selling your business, whether located in Rocklin, Roseville or Sacramento or beyond, is something you will need to hire a business attorney to do. The attorney will assist in the legal paperwork and making sure that all the information is accurate and as you wish to convey throughout the transaction.

Selling a business may be bittersweet for some people, even if they are ready to retire and move on. But it is a serious transaction that calls for doing your homework and keeping tabs on what’s going on. The more you do this, the more successful the transaction is like to be, and the happier you will be with the outcome.

The Law Offices of Terry L. Gilbeau provides personalized counsel to clients in a variety of business and personal matters, including creditors’ rights, debt collection, products liability and international transaction issues. His office is located in Rocklin, CA, just outside of Sacramento, CA, near Roseville, Lincoln, Auburn, in Placer County and can be reached at (916-626-5539) or email Terry at tgilbeau@gilbeaulaw.com. Click here for the firm website http://www.gilbeaulaw.com/

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