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In any business to business contract, don't be afraid to negotiate aggressive payment terms. I learned that the hard way with my first client being net-15. The
by veerabadhra 5y ago
In any business to business contract, don't be afraid to negotiate aggressive payment terms. I learned that the hard way with my first client being net-15. The higher the payment takes the settle, the more trade credit you are offering your client, increasing their PAYDEX score while messing with your cash flow. Ask for at least half up front.
- reaperducer 5y agoOr hire a factoring company to take the risk out of it for you. Some banks provide this service. Sure, they take a percentage, but for a one man band, it's often worth the pace of mind to offload this work to a professional.