Running a business can be complicated. There are very few companies that can afford to go on without receiving prompt payments from clients. If you provide goods or services at a high standard, then it’s only fair that you are paid appropriately.
Sadly, there are occasions when a client may refuse to pay up. Are there any signs that could tip you off that a client has no intention of paying?
When they go off grid
People with cash flow issues often go completely off the grid if they do not have the financial resources to pay you. It isn’t even always the case that the client can’t afford to pay their bill. Unfortunately, some individuals have no problem with receiving goods or services and not paying for them.
False feedback
You carefully oversee every project that your business is involved with. Your clients have regular opportunities to provide feedback and make changes if they want to. If you’ve completed a project and only received negative feedback when requesting payment, it could be a sign that your client is avoiding settling their invoice. False feedback is a common method that’s used to try and lower an invoice or avoid paying it all together.
One unpaid invoice may or may not be a problem, but multiple unpaid invoices could put your company in jeopardy. You have a legal right to be paid based on the agreed-upon terms in your contracts with your clients. To explore your options for collection in more detail, it may benefit you to seek experienced legal guidance.