Episode 006: Get Paid in a Dishonest World

Businesses fail every day when they don’t get paid in today’s dishonest world.

As Tim’s mentor Peter Voogd says, “Sometimes it’s hard to live with high standards because most people don’t have high standards.”

In this episode find out…

  1. Common mistakes that lead to payment issues.
  2. Steps to take when dealing with payment issues.
  3. How to dig out if you don’t get paid.
  4. The short and long term effects of not getting paid.
  5. Lessons learned after not getting paid.

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UNTIL NEXT TIME: Tim Meuchel – The 10 Factor, signing off

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Tim Meuchel
 

Tim Meuchel is the bestselling author and podcast host of The 10 Factor: From Struggling to Thriving Business in 10 Months. Like many successful entrepreneurs, Tim failed his way to success. He gave up $334,200 in 2008 after resigning from a twelve-year corporate management career to pursue his side business full-time. The business quickly grew 8X and within four months Tim's wife quit her job as well. Several years later a bad business deal left Tim's company almost bankrupt. Tapping into emergency funds, he fought back and restructured the business; resulting in a new profit producing model requiring less than 40% effort. Seeing an opportunity to give back and help other struggling entrepreneurs Tim reverse engineered his process, validated it with top entrepreneurs, and created a ten-month roadmap - The 10 Factor.