miscommunications

Who knew that mindful language usage could lead to hilarious miscommunications? This episode takes you on a light-hearted journey of laughter and reflection, as we explore everything from the unexpected joy of Friday the 13th to the laughable notion of unlicensed parenting. But it's not all fun and games; we also tackle more serious topics like setting boundaries, managing commitments, and the importance of staying connected in this digital age.

Remember the time when one of us accidentally pushed a friend down the stairs? Or how about that peculiar incident involving a turtle that had to be returned? Brace yourselves for a roller-coaster ride of crazy personal experiences. Family feuds, friendship fights and a student vomiting in class, we've got it all covered. And yes, we also share some fascinating insights on the satisfaction of beating Camilla in a family feud. You'll be surprised at how these stories can make you reflect on your own life.

Ever wondered how to handle friend feuds or how to set healthy boundaries with others? We've got you covered! This episode offers some practical tips, carved out from our own experiences, on managing such situations. We also discuss the relevance of social media and the significance of staying connected, especially in these challenging times. And as we wrap up this episode, we ponder on the importance of subscription reminders and how they can keep us on track in our busy lives. So, buckle up for an episode full of laughter, life lessons, and some serious discussions.

If you get hit by a bus right now, what do you think will happen to your business? 

This is a question that will urge you to evaluate your business. If you are an entrepreneur who thinks that your business will go downfall when you are not around, you should listen to this podcast to know exactly what aspects of your business are at high risk or needs improvement. Adapt the balanced scorecard, and take the 12 Scalability Quotient test. Practice getting an assessment of where you are as an entrepreneur right now in your business.

https://daretoscale.com/52

No business can operate if they aren't getting paid. Michelle and Shawn cover all the reasons you may not be getting payments and what to do next, with these 6 tips.

Tip #1
Take a look at your payment procedures: How are you accepting payments? Are you offering enough, accessible modes of payment? How are you sending invoices? Are you clients receiving and opening these invoices? Are you utilizing an accounting service that tracks paid invoices?

Tip #2
Communicate with your clients: Before delivering products and services, it's okay to over communicate. Let your clients know what to expect including how they will be invoiced, when they will be invoiced, and what are the payment timeline terms.

Tip #3
Determine the problem: Give your clients the benefit of the doubt. Maybe the invoice went to junk mail or was accidentally thrown away. Maybe your client is struggling financially and could benefit from a mutual/unofficial payment plan. Maybe there was a problem with the product or service. Maybe there were unexpected fees and charges included on the invoice.

Tip #4
Have the hard conversations: When an invoice has gone unpaid, discuss with the customer solutions to their problem. Make right any wrongs on your behalf (poor services, information about charges, etc.) or include late fees if necessary.

Tip #5
Send an official letter: You’ve examined your processes, addressed problems, you’ve communicated with the customer, and you still haven't been paid. Send an official letter. This is a clear and adamant letter addressing the nonpayment with the customer and your terms to follow.

Tip #6
Debt Collections: Have your attorney draft a letter and determine whether this payment is worth following through to Debt Collections. Debt Collections will incur fees for you as a business that include court fees, attorney fees, etc.

We understand getting paid is important. If you are frequently experiencing nonpayment, pay close attention to these tips and make changes accordingly. In this episode, we also briefly address how nonpayments can affect your accounting financials and your taxes.

If you found this episode helpful, please like and subscribe to us on social media!

What’s Inside: 

• What do you do when a client refuses to pay for delivered products or services?
• Can you be the cause of unpaid invoices?
• How to create effective communication and ensure prompt payments.
• Why are customers not paying invoices?
• Are you seeing a frequent pattern in unpaid invoices?
• How do unpaid invoices affect your finances and taxes? 

Mentioned In This Episode:

Modern CPA Online
ModernCPA - YouTube

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