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1) 30 days. 2) Probably 3) Always, clients who pay on or before time get priority all other things been equal, cashflow trumps pretty much everything else. I

1) 30 days. 2) Probably 3) Always, clients who pay on or before time get priority all other things been equal, cashflow trumps pretty much everything else. If I have more clients than I have time then the clients who get dropped of the list are the ones who pay late, I've done the work I shouldn't have to chase you for the money. I just took a full time job though as freelancing is way too much not-programming and I 'just' want to be a programmer for as much of the day as possible.

michaelflux 10y ago
1), 2) - so if they offered to pay same day, how much would you be willing to knock off? 5%, 10%, more? 3) Were invoice related things the primary time drain that took you away from dev work, or was it a combination of everything - marketing yourself, interacting with clients etc ... ?
- noir_lord 10y ago
  Probably 5% I don't think I'd go to 10% as that would be a fairly big hit. Invoice related things were not the primary time drain since I paid the accountant to chase invoices however late invoices where a major concern because underlying cash flow is what makes or breaks you. The other thing that becomes an issue is the classic "project management" issue, doesn't matter how good your process is if the people on the other side simply don't get it and that causes a lot of problems (projects stall because you can't get the data/information you need), fixed deadlines loom close and you are stalled waiting for information. In the end if you care about producing high quality work it's incredibly stressful and frankly after 4 years I'm sick of it, I'm really looking forwards to working on internal systems for a big company, replacing "every client is a boss" with "this is your boss" sounds lovely to me.
  - michaelflux 10y ago
    Hypothetically speaking, if you didn't have to spend money on the accountant, and if your invoice was paid immediately 100% of the time, would that get you closer to be willing to give up up to 10%?
    - noir_lord 10y ago
      Theoretically yes a lot closer but solving the problem of small/medium businesses paying freelancers/contractors on time isn't a simple problem.
      - michaelflux 10y ago
        Cheers, thanks for the feedback :)

michaelflux 10y ago

1), 2) - so if they offered to pay same day, how much would you be willing to knock off? 5%, 10%, more? 3) Were invoice related things the primary time drain that took you away from dev work, or was it a combination of everything - marketing yourself, interacting with clients etc ... ?

noir_lord 10y ago
Probably 5% I don't think I'd go to 10% as that would be a fairly big hit. Invoice related things were not the primary time drain since I paid the accountant to chase invoices however late invoices where a major concern because underlying cash flow is what makes or breaks you. The other thing that becomes an issue is the classic "project management" issue, doesn't matter how good your process is if the people on the other side simply don't get it and that causes a lot of problems (projects stall because you can't get the data/information you need), fixed deadlines loom close and you are stalled waiting for information. In the end if you care about producing high quality work it's incredibly stressful and frankly after 4 years I'm sick of it, I'm really looking forwards to working on internal systems for a big company, replacing "every client is a boss" with "this is your boss" sounds lovely to me.
- michaelflux 10y ago
  Hypothetically speaking, if you didn't have to spend money on the accountant, and if your invoice was paid immediately 100% of the time, would that get you closer to be willing to give up up to 10%?
  - noir_lord 10y ago
    Theoretically yes a lot closer but solving the problem of small/medium businesses paying freelancers/contractors on time isn't a simple problem.
    - michaelflux 10y ago
      Cheers, thanks for the feedback :)