#9: How to Manage Late Payments and Cash Flow with Melanie Padgett Powers

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A client who pays late is something we all want to avoid. When that late payment causes your cash flow to nosedive, you have a whole different problem. Tune in as our guest co-host Melanie Padgett Powers and host Treasa Edmond discuss both issues. Melanie shares her strategies to tactfully tackle late-paying clients and the successful measures she's taken to rectify the situation. She also emphasizes the importance of maintaining a financial buffer to withstand the blow of late payments.
Be sure to join us in episode 9 as we turn the focus on Melanie, her business, and her client management techniques.
About the Hosts

Treasa Edmond is a content strategist and consultant, best-selling ghostwriter, and podcast host. On Boss Responses, Treasa and her weekly guest hosts explore how freelancers and small business owners can navigate the sometimes tricky path of client management and communication. She also teaches content professionals and small businesses how to create SEO-optimized content strategies so they can grow their businesses by connecting with their audiences.
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Melanie Padgett Powers is the owner of MelEdits and lives in the Washington, DC, area. She is a freelance writer and editor, primarily for health care membership associations. She began her freelance business in October 2013. She has a journalism degree and was previously a newspaper reporter in her home state of Indiana. Melanie is also the creator and host of two podcasts: Deliberate Freelancer, which focuses on the business side of freelancing and has over 160 episodes, and her newest podcast, Association Station, which interviews membership association leaders about content and media.
Resources from Melanie:
Check out the Deliberate Freelancer podcast, which focuses on the business side of freelancing.

Already listening to the podcast? Check out Melanie's Facebook group for Deliberate Freelancer listeners. Listen to the podcast first and then join Melanie on Facebook.
Subscribe to the free Deliberate Freelancer newsletter and receive two email templates Melanie used to secure $30,000 (per email) in new work.
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Capitole

1. Dealing With Late-Paying Clients (00:00:00)

2. Managing Cash Flow and Business Expenses (00:12:52)