Pay your bills on time

Larry Janesky: Think Daily

If I have to pay my bills eventually anyway, why would I wait 60 days or even 30?  If I have the money in my account, I pay my bills as soon as they come in.  Yes – I do this in business, too.  Why sit on extra cash if I have payables?  The preferred relationships I build with vendors are worth more than any interest value on the money.

It’s also great financial feedback – I’d rather find I’m low on cash and low on payables, than one day find I’m low on cash and have lots of payables. (Yeah, yeah, you should see it coming with financial statements and other KPI’s.  Yes.)

You made a deal.  Pay your bills on time or before.

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