The Breakup: Money

“It’s not me, it’s you!” is the new acceptable thought when deciding to end a business relationship. The action of parting ways is also known as “the breakup.” In a non-business relationship when a breakup happens common feelings can be: a pain in the gut, tears that come at awkward times and feelings of anxiety. If any of these feelings happen when in a business relationship, you know that it is time to go your separate ways.

Most relationships have unique characteristics, which can lead to unique breakups.

There are a few types of business breakups, all with different outcomes. When you are new to business (and accepting your own clients) you may feel that certain “situations” don’t seem normal. As you talk to your mentors, you learn that when you are in business that anything can happen, including not getting paid! Money is known to make the world go round but when it isn’t given to you, your world can stop.

The least favourite breakup of them all is the “No Payment Breakup” which is when the client does not pay you.

This has happened a few times to me: doing business with friends (well, ex-friends), funds running out (and the client not telling me) and not receiving the last payment from a payment schedule because they “changed their mind” on what they wanted. The feeling of not getting paid after completing the work you were hired for is frustrating. Remember, to be the bigger person and keep your chin up.

You can report them to the Better Business Bureau but, sadly, you cannot force them to pay you.

You may cry. You may cuss. You may write an email expressing your frustration to this client but that is about all you can do. To avoid this situation you can ask for payments upfront, do a reference check before accepting a client or set up interval payments and not release all the work until paid in full. If you don’t get paid, consider that a reason to breakup! If you follow those few tips on receiving payments, you will have more to eat than Kraft Dinner.

There are many other types of breakups that will be explained in the future. Some of these breakups include: the mutual agreement of parting ways, time to upgrade and the one where it’s better for your health. Have you ever had a client that didn’t or wouldn’t pay you after they agreed to do so? Please share your stories in the comments below.