108. "Cash Flow Chronicles: Turning Outstanding Invoices into Revenue Gold" with Dee Bowden

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Dawn talks with Dee Bowden, a Cash Flow Speaker and author of Collect the Cash, who works with small and medium-sized IT and Software companies. Dee is the founder of BCS Solutions. Dawn and Dee talk about some strategies, statistics, and why you shouldn't be leaving the money that you've earned out into the ether and never get it in the bank.

In this episode…

Who is Dee and whom does she serve? (00:57).   

Why don't you think people wanna talk about how to get paid (1:18)

We happen to know statistically there are a ton of entrepreneurs who don't actually track the money in the cash flow and they just kind of take it as it comes instead of doing things like projections. What are your thoughts? (3:25)

Give everyone the statistic, how much money on average are businesses leaving out there (5:12)

Say somebody's listening in and they're like “Oh yeah I actually never got paid by someone”, How do we figure out where our money is? (6:58)

Some other industries have cash on delivery and those sorts of things, let's just say that they transfer over and start doing business-to-business sales, how you might invoice a business versus a consumer?  (10:03)

Maybe the address we're doing business with is the place we should be sending the invoice to?  (12:48)

We should not just be throwing these invoices in the trash (16:26)

Let's say something really did go sideways in the performance of the agreement, if that's the reason that someone's not paying you, how do you approach that conversation?  (18:48)

Let's say that there were supposed to be 6 payments and they made 4 and they stopped paying you. Is this just an additional invoice or is this a deeper conversation about why an ongoing payment was stopped? (21:49)

 Dee Bowden’s Information.

Website: www.collectthecash.biz

YouTube: https://www.youtube.com/@deebowden4050

Instagram: www.instagram.com/deecollects

Facebook: www.facebook.com/Collectthecash.biz/

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