Hi Fastlaners,
I'm curious your thoughts on the topic of your clients paying your invoices late. I know I'm not the only one that deals with this, so I wanted to see how others address it.
One of my client's who I do some consulting for one day a week has been late on paying my invoices twice now. He runs a small IT company and doesn't have anyone that handles the administrative duties/payroll/accounting and such, so he does it himself. Fair enough. Now, that'd be fine and dandy if he could keep track of everything and stay on top of it, but he's also busy micromanaging his employees (I used to work at his company as a W2 employee and experienced it firsthand), doing sales/biz dev tasks, and constantly taking vacations. Part of me gives him the benefit of the doubt, but the other part of me has no sympathy for his situation since he could easily fix a lot of his issues by delegating tasks. If I was in his shoes, I'd just hire someone to help me with it so I could focus on business development and other more important things, but I digress...
Anyways ,normally this kind of thing wouldn't bother me so much, but it does for two reasons: 1) I need the income and hate having to constantly send reminders, and 2) I've heard horror stories from some of his previous contractors who have reached out to me on LinkedIn. One guy told me that the CEO owes him $15,000 in unpaid overtime. Yikes.
I just sent him an email with screenshots of the unpaid invoices, essentially saying "pay me or I'm not going to work for you anymore", in the most professional way possible. The topic was top of mind, so I wanted to hear other people's takes on it.
I'm curious your thoughts on the topic of your clients paying your invoices late. I know I'm not the only one that deals with this, so I wanted to see how others address it.
One of my client's who I do some consulting for one day a week has been late on paying my invoices twice now. He runs a small IT company and doesn't have anyone that handles the administrative duties/payroll/accounting and such, so he does it himself. Fair enough. Now, that'd be fine and dandy if he could keep track of everything and stay on top of it, but he's also busy micromanaging his employees (I used to work at his company as a W2 employee and experienced it firsthand), doing sales/biz dev tasks, and constantly taking vacations. Part of me gives him the benefit of the doubt, but the other part of me has no sympathy for his situation since he could easily fix a lot of his issues by delegating tasks. If I was in his shoes, I'd just hire someone to help me with it so I could focus on business development and other more important things, but I digress...
Anyways ,normally this kind of thing wouldn't bother me so much, but it does for two reasons: 1) I need the income and hate having to constantly send reminders, and 2) I've heard horror stories from some of his previous contractors who have reached out to me on LinkedIn. One guy told me that the CEO owes him $15,000 in unpaid overtime. Yikes.
I just sent him an email with screenshots of the unpaid invoices, essentially saying "pay me or I'm not going to work for you anymore", in the most professional way possible. The topic was top of mind, so I wanted to hear other people's takes on it.
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