Oliver Stich’s Post

𝗠𝗼𝗻𝗱𝗮𝘆: The week started with a great co-thinking session with Aive Uus from KoThinker. Lots of ideas and collaboration! I also shared a post with a big smile, encouraging everyone to tackle late payments with GetPaid on Xero. If you’re ready to join our community of happy clients, check it out here: GetPaid on Xero. 𝗧𝘂𝗲𝘀𝗱𝗮𝘆: We celebrated an exciting milestone—our 700th follower of BizzCtrl on LinkedIn! 🥳 It’s fantastic to see this community of people saying goodbye to overdue receivables continue to grow. 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆: I had a productive networking morning with Tracey Carter from FSB at the Hogsback breakfast meeting. Later, I posted about how GetPaid simplifies dealing with overdue invoices. Forget the hassle of reminders and chasing payments—our professional partners handle it for you quickly and ethically. 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆: The week got even better at the B2B Expo in Bracknell. Huge thanks to Matt Larcome for organising such a brilliant event! I also shared a post about the year-end challenge of unpaid invoices. Don’t write them off—collect them with GetPaid, even if they’re years old. Now is the perfect time to tidy up your balance sheet before the new year! 𝗙𝗿𝗶𝗱𝗮𝘆: We ended the week with Top Tip #8, featuring Klaus and the concept of Skonto, a German approach to incentivise early payments. Klaus, an architect, faced delays receiving payment for a fantastic drawing he created for a client. By using Skonto, Klaus could have offered a discount for early payment while charging extra for delays. For example, an invoice of £20,619 could include a 3% discount if paid within 14 days, reducing the amount to £20,000. This incentivises prompt payment while compensating for late ones—a win-win!Want more tips to manage your cash flow and tackle unpaid invoices? Claim your free guide: Top 10 Essential Tips. Just email "10 Tips" to oliver@bizzctrl.com. That’s the week—full of networking, growth, and solutions to make cash flow smoother. 𝗟𝗲𝘁’𝘀 𝗳𝗶𝗻𝗶𝘀𝗵 𝘁𝗵𝗲 𝘆𝗲𝗮𝗿 𝘀𝘁𝗿𝗼𝗻𝗴! 💪 😊 😅 Enjoy the weekend! Oliver

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Move over, Friday feeling—‘Payment Received’ just took the crown. 👑💰 By offering customers more ways to pay, you'll increase the likelihood of getting that *sweet* paid-on-time feeling. Sounds good, right? Learn how to set this up seamlessly in Xero: https://lnkd.in/d5-EPr9k

If you’re not using Xero to send invoices to your clients…you’re missing out on this amazing feature! If you want to know how to set your business up in Xero, get in touch with us today! 📱: 083-500-1970 📧: hello@santosbiz.co.za 🌐: www.santosbiz.co.za 📍: 1 Cavendish Road, Vincent, East London. #Cashflow #BusinessGrowth #FinancialPlanning #planning #cashflowmanagement #businessadvice #cloudaccounting #CashFlowManagement #CloudAccountants #xeroadvisor

Ashley recalls clearly at Xero. On conversions, small tests to push the needle is the source of truth. Here is an example experiment Ashley shared on SaaStock interview. The team reached out to prospects after 7 days who had not imported their retail data into the system. Instead of offering to do this mundane tasks for them for free - as on onboarding process. They offered to assist for $100. Ashley taught that offering to help for free was gong to win, but prospects paying $100 for the tasked performed way better. The lesson: You can double your conversions by running simple tests to those on the fence. It may turn out, their slow speed to onbaord is not payment objection, but time constraints. Time in one form or another. p.s: In tomorrow's newsletter, am sharing more on Ashely's interview with Alex from Saastock. And more... Check comments and sign up for free.

𝗠𝗼𝗻𝗱𝗮𝘆: We kicked off the week by spotlighting our clients' love for GetPaid. No cost, no lock-ins—just a simple, effective way to manage overdue invoices. Curious? Check us out on the Xero App Store: GetPaid. Because getting paid shouldn’t be a hassle! 𝗧𝘂𝗲𝘀𝗱𝗮𝘆: Prepping for the holidays without the stress? Yes, please! I shared my go-to tips for leaving the office in great shape before Christmas: Emptying inboxes and creating action lists. Invoicing finished projects or issuing part payments. Activating Xero’s invoice reminders. And of course, outsourcing overdue invoice management to GetPaid.Returning in January with a healthy cash flow is the best gift you can give yourself. 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆: Got unanswered payment reminders piling up? We hosted insightful 15-minute demos showing how GetPaid can turn your Xero integration into a debt recovery super-tool. Just 7 clicks in under 30 seconds to send overdue invoices to collection—so easy! Did you miss the session? Let me know at oliver@bizzctrl.com, and we schedule one for you. 🎁𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆: We ran a poll: How do you deal with overdue invoices? Results so far are split evenly: Shrug and accept it as part of business. Grumble, but handle it internally. Seek external help. Which camp are you in? Which ever camp you are in, your are not alone 33%/33%/33%. 𝗙𝗿𝗶𝗱𝗮𝘆: Oliver shared a fun family tradition: brainstorming travel destinations for the year ahead. ✈️ It’s a reminder to try new things—both in life and business. Why not give GetPaid a go? It’s fast, ethical, and stress-free, plus you might free up cash for that dream vacation. Start the adventure here: GetPaid on Xero.

Very often, especially with new clients like Frank, I hear, "Unpaid invoices are not a problem. I have enough cash, and I prefer to focus on new orders." When I asked for the reason, Frank said something like, "My cash flow is fine, and if necessary, I can just get another order to cover the gap." When I persisted and asked again why, he explained that he is much more efficient in generating new business than in collecting money. When I asked again why, he told me that he was uncomfortable having such conversations. Further probing revealed that he feared the customer might become unreasonable and might never place an order again. He also mentioned that he didn't want to be reminded of this topic because he was genuinely worried. Wow - Frank was worried! It became clear that Frank was worried, and it was up to me to reassure him. We discussed how nobody should worry about not getting paid. Most customers are reasonable and pay their bills, and those who don't he should exclude from doing business with. Finally, I suggested a simple solution for getting paid without having to speak to the debtor. If you are honest with yourself, how do you feel about not getting paid, and do you want to do something about it? Try GetPaid on Xero. It's easy and free. Don't worry, be happy! https://buff.ly/3WBaucZ Best Oliver PS: Frank is, of course, not his real name, but the story is real.

Very often, especially with new clients like Frank, I hear, "Unpaid invoices are not a problem. I have enough cash, and I prefer to focus on new orders." When I asked for the reason, Frank said something like, "My cash flow is fine, and if necessary, I can just get another order to cover the gap." When I persisted and asked again why, he explained that he is much more efficient in generating new business than in collecting money. When I asked again why, he told me that he was uncomfortable having such conversations. Further probing revealed that he feared the customer might become unreasonable and might never place an order again. He also mentioned that he didn't want to be reminded of this topic because he was genuinely worried. Wow - Frank was worried! It became clear that Frank was worried, and it was up to me to reassure him. We discussed how nobody should worry about not getting paid. Most customers are reasonable and pay their bills, and those who don't he should exclude from doing business with. Finally, I suggested a simple solution for getting paid without having to speak to the debtor. If you are honest with yourself, how do you feel about not getting paid, and do you want to do something about it? Try GetPaid on Xero. It's easy and free. Don't worry, be happy! https://buff.ly/3WBaucZ Best Oliver PS: Frank is, of course, not his real name, but the story is real.

I enjoy it when the accounting community thinks they are in the middle of a serial drama plot! May's episode whipped up by Xero's announcement of their subscription plan changes. If you are an accountant that doesn't see Xero's value then you probably aren't the right fit for it and that's absolutely fine, there will be something more suitable for you out there. Xero can't be everything to everyone and they probably don't want to be. For me personally, whilst I don't believe there is one solution that fits all, I do find that my clients investing in Xero saves them time, money and headaches in the long run. If I put a pound of the cost to each minute they save I quickly run out of pounds and the minutes keep building. And that's without thinking of the value the cost adds to the business in terms of giving the ability to strengthen cash flow, enhance profit and enable better decision making. £30-£50 is insignificant to what the return on investment can be IF you use the software to its full potential. I consider Cottons Group relationship with Xero to be a partnership and I'm glad to see our partner moving forward and having positive strategy. Who wants a partner that sits still and doesn't take opportunities?! It's certainly not what we would advise a client to do. Looking forward to June's scandal which hopefully comes from Xerocon where I'm sure we are going to hear about what else the product is about to bring to the table for everyone's cost v benefit analysis 😂 #allpublicityisgoodpublicity #ValueOverPrice #softwareselection

Meet Jack, a busy tradie, but disorganised 🛠️ Jack runs his own trade business, and like many of us, he’s great at what he does. But when it comes to the admin side of things, let’s just say it’s a bit of a mess. He waits until the end of the month to send out quotes, misses deadlines he promised to his customers, and forgets to follow up on unpaid invoices. The result? Jack’s missing out on new clients, cash flow gets tight, and his weekends are spent catching up on paperwork instead of enjoying time with family. Sound familiar? 𝗜𝘁 𝗱𝗼𝗲𝘀𝗻’𝘁 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗯𝗲 𝘁𝗵𝗶𝘀 𝘄𝗮𝘆! With a team like Gecko Cloud Solutions by your side and software like Xero to automate those dreaded tasks - like payment reminders - you can stay on top of your business without the stress. Jack’s story doesn’t have to be yours. Just this week, we were reminded how many businesses are still operating this way, but it doesn’t have to be! Investing in the right tools and support can turn things around. When admin runs smoothly, you’ll see valuable returns, from fewer missed deadlines to more time doing what you love. Get in touch with Gecko Cloud Solutions today and let us show you how we can make your life easier 📥