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Your points on not getting paid sound overly pessimistic. I’ve had hundreds of large clients. They are usually absolutely glacial to pay and totally ignore pa
by benjaminwootton 4y ago
Your points on not getting paid sound overly pessimistic. I’ve had hundreds of large clients. They are usually absolutely glacial to pay and totally ignore payment terms, but I’ve never had a debt go totally bad. Invoices have always been paid in the end.
That said, regarding payments, my tip to the OP would be around negotiating down payment terms and chasing finance teams with the anger of 1000 suns if you need the cashflow!
- cainxinth 4y ago> Your points on not getting paid sound overly pessimistic. I agree. Late payment is much more common that no payment. Also, clients, unjustifiably or not, usually take umbrage at being asked to cough up what's owed. I give everyone a healthy grace period and send gently-worded reminders, but I won't stop working unless there is a material breach of contract or unless my reminder isn't at least responded to with a "Sorry we're late with your payment, we're working in it."