BizQuiz: How should you let clients pay? (Answer 3a)

3) A–Correct.

If you're set on regularly offering discounts or giving away services, consider setting up an internal payment plan instead. Your healthcare will remain top-notch, and at least you'll have the chance to receive payment for your services. Dr. Salzsieder cites credit bureau surveys that show that more than 80 percent of clients in all walks of life will pay off their debts over time. You may lose less money with deferred payments than in discounts and giveaways.

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