"I am
quitting my business because none of my clients are paying me!"
Can you
believe it?!
When I heard
this the other day, it sent me into a dizzy! I could not imagine it happening
to anyone. Why would all of the clients for one company not pay their bills?
It prompted
me to ask some questions.
Exactly how
many of your clients did not pay you?
Have you sent
them bills?
Did you have
them sign an Memorandum of Understanding upon agreement to work together?
Why didn't
you get 50% paid to you up front?
Are you sure
that your clients knew exactly how much you charged? Perhaps there is a
misunderstanding about how much you were going to charge?
Usually when
I hear comments like this, questions come to my mind. It is always a two-way
street. This type of situation is because of a lack of communication and lack
of understanding.
Being in
business for yourself is tough and sometimes we have to chase the money to get
paid. However, if we set things up from the beginning with proper documentation
completed and a deposit up front, the rest comes easy.
Try it with
your next client and see how it works.
If you have
challenges with how to write a Memorandum of Understanding, I have a simple
one-page one that was written by a lawyer for my coach. He was gracious enough
to share it with me. I can share it with you if you like.
To avoid
getting into a situation like the one mentioned in this post, sign up for our
FREE series.
Join the conversation today!
Christine Till
The Marketing Mentress
https://ca.linkedin.com/in/marketingmentress
www.2csuccess.com
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