November 15th 2007 12:37 pm
Don’t let people owe you money
It’s simple: If someone owes you money they will no longer be a source of business until that debt is paid. Rather than working things out with you and salvaging your relationship, they’ll disappear until the debt is paid.
It’s embarrassing to owe money even when the cause is beyond a person’s control. Open a dialogue, even if you have to initiate it and find a way to keep things flowing. You might end up helping out a valuable future customer. On the other hand, the true deadbeat will show their true colors when you offer to work it out by disappearing or never showing up. Write them off now.
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