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What are these patterns if you don't mind sharing?
by moneywoes 6y ago
What are these patterns if you don't mind sharing?
- muzani 6y agoSorry, just saw this comment. I'd say the main one is irresponsibility. I used to think they'd be certain to pay me because they lose out the most by abandoning their project. But many people are simply negligent and just let their companies die. These also tend to be the type who feed their kids junk food, who don't fill in the car tank, who set up meetings and 'forget' to show up. It's hard to say, but if you meet someone who seems irresponsible and negligent, stay far away. I've come across at least a dozen companies that have died because they chose not to get any work done. Where they landed contracts, invest 10 years of savings, take loans from friends and family, then don't even bother to deliver. Late payments are a huge symptom of this. Another pattern is tire kicking. This is usually bundled with boasting that they are a legitimate business. One guy I know would talk about how he had to move our meeting because he had to meet with his company secretary and a had a meeting with this giant telco. Another one set a meeting to unreasonable times because she had to take an interview with a media outlet, then refused to change it to some other reasonable hour. Lack of empathy is another, or dumb haggling. These will find ways out of paying you in your contract, and there's plenty of gray area to haggle over. And then, for apps, watch out for people who don't know why they're doing what they do. They want an app. It has no business purpose. Maybe it collects big data for AI later. They tend to suffer buyer's remorse later and will not pay you.