Why Contractors Get Paid Late (And How to Fix It)

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82% of contractors now wait over 30 days to get paid and the average small service business has $17,000 sitting in unpaid invoices right now

That's money you earned sitting in somebody else's bank account instead of yours

Late payments cost contractors billions every year in emergency financing, missed opportunities, and Friday payroll stress. Roughly 30% of contractors have stopped work on projects because of cash flow gaps

This video covers the five fixes that get contractors paid in 7 to 14 days instead of 30 to 60

I'm walking through why waiting to invoice creates a 44-day payment gap, how to build a collections process with automatic reminders at 3 and 7 days overdue, why digital payment options like ACH and credit cards get you paid faster than checks, and how screening clients before big projects prevents six-month collection headaches

You'll walk away knowing the exact system contractors use to fix late payments without chasing invoices or hoping checks show up

The difference between getting paid late and getting paid fast isn't better clients. It's a simple system

CHAPTERS:
00:00 - Why Contractors Get Paid Late
00:35 - The Real Cost of Late Payments for Contractors
02:09 - Fix Your Payment Terms Before Starting
03:45 - Invoice Same Day to Get Paid Faster
04:26 - Build an Automatic Follow-Up System
05:50 - Digital Payment Options That Fix Late Payments
07:05 - Screen Clients Before Big Projects
07:41 - How Contractors Get Paid in 14 Days