Blog

Ensuring Payment: 4 Strategies to Guarantee You Get Paid

February 28, 2024
matilda

Getting paid for your work is crucial for the success of any business. In this insightful video, we explore four effective strategies to ensure you receive payment, even in challenging situations. 

Whether dealing with responsive debtors or unresponsive ones, learn practical steps to ensure payment while maintaining professional relationships.

Handling Responsive Debtors

Responsive debtors are those who remain in contact but may delay payment. To address this, consider:

  1. Payment Agreement: negotiating a payment arrangement, where you can get some of what's owed to you now. This allows you to receive part of the payment upfront. 
  2. Payment Plan: Then, establish a payment plan for balance owing, to receive the remaining balance over time.

Dealing with Unresponsive Debtors

Unresponsive debtors present a challenge, but there are steps you can take to secure payment:

  1. Letter of Demand: this is the typical approach, in which you send them a letter of demand, requesting payment within a specified timeframe after which legal proceedings may be commenced. 

However, it's important to approach this step carefully, considering the potential impact on your business relationship as there may be ethical questions about taking an aggressive step with a business that is otherwise having a difficult time.

Legal Considerations

While legal action may be necessary in some cases, it's essential to explore other avenues first. Initiating legal proceedings should be a last resort, as it can strain relationships and incur additional costs. Instead, prioritise open communication and strive for an amicable resolution.

Maintaining Professionalism

Regardless of the situation, maintaining professionalism is key. Even when facing payment challenges, strive to handle the matter with tact and respect. Engage in constructive dialogue and work towards finding a mutually beneficial solution.

Ensuring payment for your work requires proactive strategies and effective communication. By implementing the four strategies discussed in this video, you can navigate payment challenges with confidence and safeguard the financial health of your business.

Testimonials

Our clients speak for us

William Buck has worked with H&A Legal for a number of years on a variety of matters and have achieved excellent outcomes. The team at H&A Legal have always listened to and demonstrated an understanding of our needs in providing astute advice, tailored to each situation. They are responsive and take a very commercial approach. I would not hesitate to recommend them.
Lynda Clark
William Buck
I can't speak highly enough of my experiences with H+A Legal - their specialist advice, efficient responsiveness and client centric solutions have been second to none.
Terry Panigiris
CBD Advisory
As a tech start-up, the legal component of our business was complex and required much attention to detail. They were, and continue to be, responsive, helpful and quick to resolve issues when they com up. H&A legal were a great decision for us as a legal partner and we would highly recommend them to any business looking for similar services.
Melanie Sellors
Mumli
I always have a sense of comfort when working with H&A Legal. I know myself and my clients are being well looked after. Our experience working with them has always been exceptional.
Kate Dennis
The Orbit Group
We have consistently been impressed by H+A Legal. We are always confident in their specialist advice, efficiency and the quality of work they do for us. Their services have assisted us to establish goals and plan for growth in our business.
Malcolm Devin
BY Group
I wasn't sure if it was worth engaging lawyers for my business, as I thought I could get by without them. Looking back, getting H&A Legal's on-going monthly support was the best decision I have made this year and has already opened up new opportunities for my business.
Raph Freedman
Lockeroom
H+A Legal have been nothing but accommodating and understanding in the day to day challenges that we face as a small business in these challenging and ever changing times. All matters addressed in a professional and prompt manner. Would recommend using the team.
Agi Hatjinikitas
Moofish
Related Reading

Some Related Articles You May Be Interested

Contact us today

Tell us what your business needs and one of our legal business specialists will get back to you.