37 - What To Do When People Don't Pay You

<p><span style="font-weight: 400;">Today we are going to talk about what to do when people don't pay you. It's very common in the start-up world that sometimes people don't pay you, and there are different scenarios of why it happens. I will specifically focus today on when people don't pay you, hoping they will get away with not paying. They hope you will lose interest, go away, or that the amount is too small to worry about, and you won't make deliberate efforts to get the payment. Listen as I discuss how to avoid getting into these situations to start out with, plus much more on this episode of</span> <a href= "https://open.spotify.com/show/3DMfG7iEAmvFwlqoh2a79x"><span style= "font-weight: 400;">Compliance That Makes Sense.</span></a></p> <p><span style="font-weight: 400;">If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:33] Hello my friends!</span></p> <p><span style="font-weight: 400;">[02:49] The best way to solve a problem is to avoid the situation that leads to a problem.</span></p> <p><span style="font-weight: 400;">[04:29] You can raise a complaint with a regulator.</span></p> <p><span style="font-weight: 400;">[06:13] Another strategy would be an organization called Debt Register.</span></p> <p><span style="font-weight: 400;">[07:45] You can send a formal letter to a bank the person does business with.</span></p> <p><span style="font-weight: 400;">[09:35] Do I need to issue a warning before or just do these things to solve my problems?</span></p> <p><span style="font-weight: 400;">[12:25] People can read your behavior and see if you are hesitant to enforce your boundaries.</span></p> <p><span style="font-weight: 400;">[13:43] Thank you for listening!</span></p> <p> </p> <p><strong>Show links:</strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><strong>Interested in FinTech compliance? - consider investing in the</strong> <a href=