How many overdue invoices for the same client does it take for you to say no more? 2? 3? How about 14! We were just approached with a debt to collect for $84,000 made up of 14 seperate invoices. 14 different jobs over the past 14 months. Ludicrous, absolutely ludicrous. I have never for the life of me understood people who keep doing work for someone who isn’t paying. This guy is an electrician and his customer is a builder. He says he kept working because the customer kept promising. Now, I get that, I really do- nobody likes to say no to more work and more money. But money on paper is vastly different to money in the bank. 14 months on, the builder is close to bankruptcy, our electrician friend is in the same boat and nobody is getting paid. Please, guys, have a maximum 3 at once policy. If you’re owed more than 3 seperate invoices from the same customer at any one time, put your foot down and just say NO! The best leverage you have to get paid those 3 invoices is your expertise- withhold it, and watch what happens. Putty in your hands, plus money in your bank. Cheers
How many outstanding invoices?