This is the third post in an ongoing business series I’m going to be writing. You can view them all by visiting here. A few years ago I read a book called The 4-Hour Work Week: Escape 9-5, Live Anywhere, and Join the New Rich, an interesting book by Tim Ferris. Since that time, I’ve seen Tim talk at least once (maybe twice?), and have read a few other books with similar concepts as the ones presented by Tim. While there are a few things in Tim’s book I don’t entirely agree with, some of his core concepts are fairly important if you’re thinking about branching out on your own. For instance, ...

You see, I have this friend. This friend of mine, well, he was screwed out of a lot of money for a client job he did. There’s a substantial email chain verifying that the work was requested, and the price was agreed upon, so he says. But unfortunately, when it came time to pay, the client became unresponsive and has since disappeared. Normally my friend would be quite content to write off the amount owing, and chalk it up to bad debt. But in the process of trying to get a contact number for the client, he discovered someone else who was owed money by the client. And after talking to that person, ...