Late payments are something that all freelancers and small business owners have to deal with sooner or later.

Not getting paid or having to wait for money to come through from clients can be extremely stressful. And it’s so frustrating. You’ve done all the work and kept to your end of the bargain, so there’s absolutely no reason for your customer not to do the same.

In my experience, there are certain types of customers who tend to struggle more than others when it comes to paying invoices on time. In this blog post, I’m going to run through these different kinds of clients and give you some suggestions for how to deal with each one.

Although you can’t force a client to pay you, there are some things you can do to avoid late payments or deal with them in the right way when you find yourself faced with an overdue invoice.

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As a freelancer and small business owner, it’s so important to dedicate time to your business finances. Keeping on top of them is what will allow you to create a sustainable business that works for you in the long term.

When I talk about keeping on top of your finances, I don’t just mean getting them organised once in a blue moon and then forgetting about them. You need to be able to look at them and analyse them on a regular basis so that you can understand which direction to take your business in moving forwards.

This is why I designed my virtual coworking session, to make it easy for my mentees (and non-mentees) to set aside two hours of their time each month exclusively for their business finances. In part two of this series, in which I’m suggesting how to spend these two hours, I’m dealing with checking in on your pricing strategy and receiving payments.

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If you’re one of the many freelancers and small business owners asking yourself “Why am I bad with money?”, know that you’re not alone. This feeling is something I come across so often among my mentees, and it’s such a shame because it simply isn’t true.

When my mentees come to me, more often than not, they feel overwhelmed by their business finances. They’re unsure where to start in order to get on top of things and find themselves actively avoiding looking at the numbers in their business. They also frequently believe they’re bad with money and, therefore, bad business owners, which couldn’t be further from the truth!

If you think about it, it’s only natural if the financial side of things isn’t our number one priority. We build our businesses based on our skills and passions, so it’s only normal if we focus on these rather than our bottom line. In this blog post, I’m addressing the common misconception that many freelancers and small business owners have of being bad with money, and I’m also sharing how to stop feeling that way!

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We all know that to run a successful business, we need to be able to accept payments. It sounds simple, but sometimes receiving money is easier said than done, especially when it comes to accepting international payments.

Nowadays, it’s not uncommon for freelancers to work with customers in other countries. Even for those who don’t work with languages, the countless opportunities provided by travel and the World Wide Web mean that people and companies are no longer restricted to working only with those in close physical proximity. And with more small businesses than ever before needing to be able to accept international payments, software companies are developing solutions and technologies to help us do just that.

How to receive payments is a topic that often comes up with my mentees, so I wanted to use this blog post to share some of the different options available to you that you might not have considered before. Click here to find out more!

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