Make Sure You Get Paid

There is nothing I hate more in business than collecting money that is owed to me. It is one of the most uncomfortable parts of business. Every time I have to collect money from someone who is slow to pay or avoids trying to pay, I wish I had someone like Tony Soprano on my payroll.

I have no problem if someone is having trouble paying his or her business isn't going well, as long as the person alerts me to the delay. Few business people go through life without going through dark times. It's the nature of business.

What sends me into a rage is when people won't return my calls or make promises they have no intention of keeping.

What can you do to reduce your chances of not getting paid? There are two things I recommend: Be selective on the clients you accept, and be willing to take action. ...