Don't Let Your Client's Money Troubles Become Yours
Have you ever taken on your client's financial woes as your own? You know, sold yourself short because you compromised in some way because they captivated you with their tale of need. Did it have a happy ending? I doubt it... read on to see when and why to avoid taking on your clients problems as your own.
As the former owner of an accounting and bookkeeping services firm, my company had a front row seat to how “well” our client’s business are doing. One particular client, made the decision to wind down operations and close the magazine he was trying to get off the ground. At the time this decision was made, there was a tremendous amount of debt on the books, investors who needed to be notified, a tax return that needed to be completed as well as some bookkeeping work to wrap up.