invoice promptly:

How Can Entrepreneurs Ensure Prompt Payment?

To ensure prompt payment, entrepreneurs can:
1. Enforce Late Fees: Clearly state and enforce late fees for overdue payments.
2. Discounts for Early Payment: Offer discounts to clients who pay their invoices early.
3. Regular Follow-Ups: Implement a systematic approach to follow up on overdue invoices.
4. Client Screening: Conduct background checks on new clients to ensure they have a history of timely payments.

Frequently asked queries:

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