Running a Business: Set good business terms




The small print written on bottom of invoices of invoices, for example.

 

But they are more than that. They help you set up profitable and sustainable deals with your customers - you get paid on time, and customer isn't surprised by sudden changes in plans or service.

 

It is also good business practice to send polite but firm email/call/mobile notification as soon as any payment is due.

 

Other ideas:

 

- Upfront Deposits, balance on delivery

- Invoicing every week/fortnight (useful for freelancers instead of waiting for 30 more days after end of work)

- Maintenance plans (e.g. air conditioner purchases)

- Annual increases (e.g. cable)

- Incentives for referrals (e.g. Dropbox)

- Discounts for timely payment

 

Thank you for reading.
This guide is from The Success Manual, which contains 200+ guides to succeeding in business, career and personal life.  Get the pdf ebook for $12 only.

 


Read more guides in this section: Running a business

Popular Success Manual Guides

The Career Bible
Get Instant Answers On 100+ Most Important Questions On Finding and Keeping A Good Job
250 Top Work & Personal Skills Made Easy
Communication skills, Self help skills, Self improvement skills, Productivity & time management skills, Writing skills, Business skills, Freelancing skills, Thinking skills & more...

Download a Sample Guide:

35 Most Important Things Your Should About Money
Your Name:
Your Email:
We will never spam you. We will never share your data. Ever.

  
  
  
SSL Certificates