Archive for April 2023

As someone who has worked in debt and corporate recovery for over two decades, I always take a cautious approach before legal action is considered.

As a small business owner, you may have encountered a situation where you have customers who don’t pay on time. This can be frustrating and financially damaging to your business. But there are ways to mitigate this risk and improve your payment policy.

Have you ever watched old game shows like Wheel of Fortune, Going for Gold, Strike it Lucky, You Bet, and Bullseye?

I recently started reminiscing about these shows and realised that some of our customers seem to be taking inspiration from them and playing games with us. While some customers are great at paying their invoices on time, others give us the runaround and devise excuses for delaying payment.

Experiencing eviction can be daunting and overwhelming, leaving individuals feeling powerless and trapped. The court system and some companies may be viewed as biased against victims or take advantage of the vulnerable by abusing their dominant position. While repossessing and evicting tenants may be necessary, the process can be emotionally taxing.

As I sat between my clients, a husband and wife team, I couldn’t help but notice the husband’s constant glances out the window during our meeting. It turns out that my advice to them about their significant business debt had caused him to feel a great deal of anxiety and fear.

Dealing with larger businesses that default on payments can be frustrating and challenging for business owners.

While legal action may seem the only solution, alternative approaches can help you reconcile debts without resorting to the courts.

As a business owner, I understand that running a business requires multiple responsibilities and priorities. Being mindful of spiralling costs, new sales, existing debts, chasing new business opportunities and ensuring smooth account management for existing customers quickly becomes a constant stressor.