Been juggling different payment terms for clients lately. Some want net 30, others prefer installments. It’s a balancing act trying to keep cash flow steady while not driving anyone away.
Wondering how other solo businesses handle this. Do you stick to one policy or tailor it per client?
Tailoring payment terms has worked well for me. I’ve found a few approaches helpful:
This flexibility keeps clients happy without messing up my cash flow too badly.
I’ve learned to be upfront about late fees, though. That’s non-negotiable. It helps weed out potential problem clients early on.
Remember, your time is valuable. Don’t be afraid to walk away if a client’s terms don’t work for you. There are always more fish in the sea.
I keep it simple. 50% deposit upfront, rest on completion. Works for most jobs.
For bigger projects, I’ll do milestone payments. Keeps cash flowing and shows progress.
Don’t overcomplicate it. Pick a system that works for you and stick to it. If a client needs something different, I’ll consider it, but only if it makes sense for my business.
Late fees are non-negotiable. Put it all in the contract. Clear terms save headaches down the road.
Remember, it’s your business. Don’t let clients dictate your cash flow. If their terms don’t work, walk away. There’s always more work out there.
Payment terms? I just ask for cash when I’m done. Works for me.
I’ve been there. Used to stress about payment terms a lot.
Now I do a mix. Have a standard policy of net 15, but I’m open to adjusting for good clients.
For bigger projects, I break it into milestones. Get some money upfront, then more as we hit certain points. Keeps cash flowing and motivates both sides.
One thing that’s really helped: I put all the payment details in the contract. No surprises later. And yeah, I’ve turned down work when the payment setup felt off. Saved me headaches.
Don’t forget to factor in your own bills when setting terms. Had to learn that one the hard way.
I just ask for half upfront and half when I’m done. Keeps it simple for me. Don’t really mess with different terms for different folks. Works okay so far.
I stick with one clear policy, usually net 15 days. It keeps things simple.
If needed, I can work with some upfront payment, but I rarely adjust terms. Keeping it clear from the start avoids later issues.