Sole Trader Debt Problems – How to collect money owed for work done
Many sole traders and small businesses are unwilling to chase bad debt.
Research has shown that many of these are hesitant about doing so because of how awkward or uncomfortable it makes them feel. Others do not pursue what they are owed for fear of antagonising or alienating a customer who they want to keep. Even if these businesses have started trying to recover the money 3 in 10 will simply give up before they have their money.