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Have Your Collections Policy Ready

Have Your Collections Policy Ready

By Nina Kaufman, Esq.

If you don’t want to get stiffed, know ahead of time how you plan to collect on overdue receivables. In any economy, there’s only one thing worse than not having work to do. That’s spending the time and effort to do the work . . . and still not getting paid. Frankly, I’d rather be sitting around twiddling my thumbs or reading trashy murder mysteries than doing work and getting stiffed. (How do I know? Been there, done that, got the T-shirt. ) And here’s an unpleasant thought: At some point in the course of your business, you will get stiffed. Probably more than once. I’ve been practicing for 15 years, and I can’t name a single client who never had a problem with receivables. As my colleague, Dawn Fotopulos, serial entrepreneur and principal of DF Consulting Inc. is fond of saying, “Cash is to your business as blood is to your body.” So how can you make sure the cash/blood keeps flowing? Have a plan. Don’t sit around surprised like a deer in the headlights when you’re faced with a…

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Nina Kaufman

Flying solo doesn’t have to mean going it alone.

I’m Nina Kaufman.

I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.

With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.

And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.

I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.