The average small business owner is owed $17,000 right now, and most of that money is sitting in invoices that got sent and never paid. Sending the bill and getting paid are two different jobs, and today we work on the second one.

It's Money Monday. We dig into the receivables problem QuickBooks just put a number on, the payment terms and late fees that get you paid on time, and the cards-on-file move that changes everything. Then financial advisor Alan Fisher joins us on why 85% of businesses never sell and what to set aside while you're still building. Plus an Idea Slam on the client who pays a third of your rate, two AI stories, and a golf story I'm still not over.

In this episode:

00:00 - Send your invoices: the $17,000 owners are owed

07:01 - Alan Fisher on retirement and why most businesses never sell

15:59 - Idea Slam: the client who pays a third of your rate

18:31 - Harvard's $700 course taught by an AI avatar

21:11 - Spotify Studio and the return of curated surprise

28:42 - The golf shot that actually paid off

32:48 - SBOC 26 is 22 days out

Resources mentioned:

Alan Fisher, Great Lakes Wealth Advisors, and his book "Smarter Retirement Planning: A Practical Guide to How an Advisor Plans"

Athena Legal Solutions: https://athenalegalsolutionsllc.com

Minuteman Press of Brookfield: https://minutemanbrookfield.com

SBOC 26 Conference (September 15-17, Brookfield): https://event.smallbusinesscommunity.com/26conference

🎙️ Watch on YouTube: https://www.youtube.com/@BusinessingShow?sub_confirmation=1

🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/businessing-with-pat-miller/id1870663109

🌐 Listen anywhere: https://businessing.captivate.fm/listen

📬 Fridays Off Newsletter: https://fridaysoffnewsletter.com

👥 Small Business Owners Community: https://smallbusinesscommunity.com

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