Take the Stress Out Of Paying the Bill Paying the bill is never fun, but it doesn't have to stress you out! This month we're bringing you five ways you can take the stress out of the "money stuff" so you can focus on what you do best — running your business! Read on, fellow producers...
Negotiate Up FrontThe easiest way to keep your wallet full of cash is to work with your vendor up front to keep costs manageable. Paying the bill is already a chore... why be stressed the whole time about the price tag? Save costs by renting, choosing the right labor, and anticipating shipping needs. And don't forget to ask your vendor for advice — they spend all day with their stuff and they'll know the tricks you can use to do it right the first time. Read the Fine PrintAlways always always read the terms and conditions. In today's internet age, we're used to skipping past all the boring legalese and getting to the good stuff. Problem is, many companies bury their most important terms in the fine print. Avoid "gotcha" moments and read the boring stuff too! Earn Some FlexibilityWith the economy as bummer-tastic as it is, many of your vendor's clients are defaulting on their payments. As a result, vendors are increasingly asking for payment upfront. This can be stressful! But before you get upset, take it as an opportunity to earn your vendor's trust. When you act in good faith with your vendor (like paying even sooner than their deadline... whaa??) you earn respect that can be cashed in for more favorable terms the next time 'round. Plan For the UnplannedThe number one snag for a vendor/client relationship is billing. Even when the entire service experience was great, an accounting miscommunication can sour a relationship for a long time. The good news? It's easy to avoid! When you anticipate the issues that might come up, you can save frustration on both ends. Consider issues such as security deposit, payment terms, certificate of insurance, sales & use tax, etc... Every company (and every location) has its own requirements. When you're prepared, you can keep your cool and make friends instead of enemies. OvercommunicateKnow everything about everything when it comes to your vendor. Learn their terms, service hours, policies, and avenues of contact. Once you've got the goods, share freely with decision makers in your own organization. Your boss probably hates surprises as much as you do and would appreciate being able to help you catch potential problems before they become mega-problems. You know, the kind that breathe fire and stomp on unsuspecting villagers.
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