Entrepreneurs often underestimate how long it can take to get paid. Whatever the reason for late payments, it's another headache taking your focus away from what you really love about your business. Here are some simple strategies you can adopt to help encourage timely payment and even speed up the process.
CEO and co-founder of Wave, www.waveapps.com
As CEO and co-founder of Wave, the cloud-based provider of software for the financial side of your small business, Kirk consistently pushes the boundaries of digital media. Long before YouTube, he launched a startup called AdventureLifestyle.com, which focused on live web-streaming of adventure races. The project was ahead of its time as the market wasn't ready to support this venture, so Kirk altered his path, becoming deeply involved in the evolution and transition from print to online at several major Canadian print media companies. His second startup was Outdoorsica.com, a community of outdoor adventure enthusiasts with a user-generated knowledge base. After learning some great lessons in the dedication necessary to achieve success, Kirk eventually sold Outdoorsica to an outdoor adventure magazine. With the experience of two startups under his belt, Kirk knew it was time to launch Wave. He lives in Toronto with his wife and three children, one of whom was born during Wave’s earliest days.
Automated software can only take you so far. Your business is unique -- when it comes to finding maximum deductions or handling complicated questions about your transactions, for example, there is no one-size-fits-all answer. A professional will apply solutions that fit your business to a tee, something technology just can't do.
08/21/2013 05:14 EDT
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