Manage episode 294911099 series 2918587
Today we are going to talk about what to do when people don't pay you. It's very common in the start-up world that sometimes people don't pay you, and there are different scenarios of why it happens. I will specifically focus today on when people don't pay you, hoping they will get away with not paying. They hope you will lose interest, go away, or that the amount is too small to worry about, and you won't make deliberate efforts to get the payment. Listen as I discuss how to avoid getting into these situations to start out with, plus much more on this episode of Compliance That Makes Sense.
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[00:33] Hello my friends!
[02:49] The best way to solve a problem is to avoid the situation that leads to a problem.
[04:29] You can raise a complaint with a regulator.
[06:13] Another strategy would be an organization called Debt Register.
[07:45] You can send a formal letter to a bank the person does business with.
[09:35] Do I need to issue a warning before or just do these things to solve my problems?
[12:25] People can read your behavior and see if you are hesitant to enforce your boundaries.
[13:43] Thank you for listening!
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