The world is evil. It’ll bite you if you stare at it too long. Don’t trust anyone. And for goodness sakes, don’t provide a service without collecting payment in advance. I’ve had the longest problem with debt collection from huge MNCs who obviousloy have the ability to make payment. Hard lessons learnt. Never ever provide a service unless payment is made. Never.

Now you may go on deluding yourself that yes, you have to give credit and that the client will make the payments. That’s ideal in an ideal world. Unfortunately, we’re living in the real world. Don’t be deluded. I’m not saying you can’t be a nice guy. Just don’t be a stupid one. Take responsibility of preventing bad debts from happening. Get rid of the problem before it happens. Curb it at the source. Wake up and smell the con men. Do business like you’re Mcdonalds. You have to pay before you can eat.

“Which is better? More bad debt issues with more business or less business with more peace of mind?”

“Let’s be honest. There’s not a business anywhere that is without problems. Business is complicated and imperfect. Every business everywhere is staffed with imperfect human beings and exists by providing a product or service to other imperfect human beings.” - Bob Parsons