Chasing Owed Money vs. Making Money

I get his point, but think it is a little too broad. Yea, you probably shouldnt spend all your time worrying about debts and instead should focus on building what you can or just enjoying life, but at the same time you cannot gain a reputation as somebody who wont pursue debts.

Estimate your chance of collecting a debt, calculate the approx hourly of collecting it and then decide if you should pursue it. However, NEVER, publicize the fact that if collecting doesnt earn you more than X/hr that you will not attempt to collect.

As a business, debts should never just be forgotten. Maybe you never expect to actually collect the full debt, but that doesnt mean invoices shouldnt be sent, and it doesnt mean that at a certain point the account should be sent to collections.

Focus on building your business, but dont let money owed simply walk away from you.