Clients Aren’t Paying You on Time? Let’s Quickly Fix That.

Does it surprise you that 63% of invoices are paid within 30 days? How about the fact that once a bill isn’t paid in 90 days, you only have an 18% chance of ever getting paid?

It’s vital that small business owners like you get paid on time so you can improve your business rather than lose money. Fortunately, GetAssist’s Business Membership offers a way to keep your clients in check: our invoicing tool.

What Happens To Small Business Owners Without Payment?

Your clients may not realize how much they cost you when they don’t pay on time. Lack of payment causes a series of adverse effects for Canadian entrepreneurs:

• 79% of small business owners can’t pay themselves.
• 23% can’t hire employees or invest in new equipment.
• 20% stop marketing efforts.
• 18% can’t provide employees with bonuses or pay increases.
• 17% can’t build up their inventory.

Since you can only spend what you make, you may fall behind on office rent payments, business expenses, and personal bills. So, you’ll probably have to use a business credit card.

Unfortunately, a credit card is the last thing you need. Standard interest rates are between 19.99 and 20.99%. Furthermore, transaction rates are between 1.5 and 3.5%, and late fees are about $700!

How Our Invoicing Tool Can Turn Your Business Around

Our invoicing feature allows you to handle everything digitally, from providing your client a quote before the service to presenting an invoice upon service completion. You can express a Same Day of Service Policy and stages of late fees. At the same time you deliver your invoice from your mobile device you can accept payment on apps like Venmo, PayPal, and Zelle. Not to mention that being handed a check or cash at the moment, which doesn’t carry transaction fees, is always King!  

Here is the good news:

• It’s estimated that when business owners are paid on time, they can pay themselves an incremental $30,990.
• They can purchase $9,207 in new equipment.
• They can invest an additional $8,308 in marketing.
• They can spend $7,411 in pay increases or bonuses.
• They can build up an incremental $6,737 in inventory.

Sign up for our Business Membership and make your money back! Use our invoicing tool; it’s time to get paid on time and grow your business.