Chasing money is one of the downsides of running your own business.
For many people, the whole topic of money is still something that isn’t easy to talk about. We don’t freely discuss our salaries, even with close friends, and we’re even less comfortable talking about our debts.
So even when we’re owed money, we get uncomfortable about chasing payment―especially if we have to make a phone call. And yet this is money that, as a small business owner, is yours by right, if you have fulfilled your side of the contract.
Even if it’s a fee for your time, with no actual costs to pay to other suppliers, it has cost you time that you could have sold to another customer. And every moment you spend chasing the payment is time you could put to more productive and revenue-earning use.