When clients don't pay: how I lost $20K and what I learned

[@cashflowwarriors4473]

I recently started to follow you. I am amazed at how humble and professional you are. Great video with actionable and realistic advice. Thank you.

[@5MinuteBookkeeping]

Wow, thank you!

[@merveilmeok2416]

Thanks for sharing your story. May God continue to give you a long life and a happy life. Bigger doors will open for you. Blessings.

[@5MinuteBookkeeping]

Thank you so much!

[@bwm748]

Great info. This is rule 1, Get paid for your services.

[@5MinuteBookkeeping]

Absolutely. Best lesson I ever learned.

[@pkp3941]

It's very helpful for me. Thanks

[@5MinuteBookkeeping]

You are most welcome.

[@HANDMAIDEN.]

Thanks for sharing! Great advice.

[@5MinuteBookkeeping]

Glad it was helpful!

[@cariocajin]

What does it mean you "walked away" from it ? Couldn't you sue them or anything related to the BBB ? I don't understand it....

[@5MinuteBookkeeping]

I did not pursue payment. I chose not to let the matter consume me or take away from moving forward. If I pursued legal action, I would have been consumed by the situation.

[@cariocajin]

@@5MinuteBookkeeping Makes sense. Sometimes a peaceful mind is worth more than the money.

[@christinec1928]

I've learned these lessons the hard way too. When I hear, "help me clean up my books", I run as far as fast as I can. Love the idea of a paid diagnostic review.

[@5MinuteBookkeeping]

I'm glad to hear that. I will not do a cleanup without a paid diagnostic review.

[@alexyashchuk8651]

Can you make a video on marketing the business?

[@5MinuteBookkeeping]

Hi. Check out my other videos for marketing and sales tips. I also have a paid marketing course for bookkeepers at 5mbacademy.com

[@carlschleg5918]

WOW, THX

[@5MinuteBookkeeping]

You're welcome.

[@g1ace459]

Would you say it's unreasonable to take a client to court if your side of the agreement is upheld but your client refuses to pay you even after sending a formal demand letter? I really enjoy your videos and find them incredibly informative thank you :D

[@5MinuteBookkeeping]

I am not an attorney so I can't really say what kind of legal recourse is available.

[@g1ace459]

@5MinuteBookkeeping no worries thanks for taking the time to reply tho 😁

[@noelvisramirezaccounting]

Another lesson , never , never discount your services. People that ask for discount 1st of all they are not appreciating your effort , 2nd they probably have the most horrible books and 3rd they probably will pay late or not pay. let them go and ghost other people but not you.Thanks

[@5MinuteBookkeeping]

Yes, that is also a great lesson. Thanks for sharing.

[@noelvisramirezaccounting]

@ thank you for taking your time and share valuable information . That helps bookkeepers not to fall into a scammers trap. That is the right word scamming since they are taking hour time and money .

[@5MinuteBookkeeping]

@@noelvisramirezaccounting You're welcome.

[@kamalhossain-tg6kr]

Thanks for sharing your awful experience

[@5MinuteBookkeeping]

You're welcome.