CEO Tools Blog
Recession Tool: Collect $ Receivables
While speaking to several Vistage CEO groups last week, a great receivables collection tool was offered by two separate members:
While making a routine customer visit, the senior executive from each of these companies showed the CEO of the client company their recent payment record on a chart on their laptop. The client CEO had no idea that his company was well past due on a payment and immediately arranged for a check our members took home right then -- sometimes you don't have to ask, just show!
Clearly a management tool every business person can use.
My best to you, Kraig