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Charge more. Your rates need to have credit risk built into them. Unless I miss my guess, they don't, and they're at a discount to market to boot. How are yo
by patio11 11y ago
Charge more. Your rates need to have credit risk built into them. Unless I miss my guess, they don't, and they're at a discount to market to boot.
How are you sourcing "They're going under"? If it is true, you won't be able to collect -- if the bank account is bare then it is bare, and there is no reason to expect the founders to backstop this invoice for you.
If you're simply being fobbed off, then the usual escalation options are a) restate demand for immediate payment via certified mail and b) lawyer sends them a nastygram.
But either way, charge more.
- joshcrews 11y agoI second "raise your rates". I'm 90% sure you are significantly undercharging because a) you live in NYC b) you are getting work for SF companies, and one that's YC c) you care a lot about a $8,000 debt. Double your existing rate immediately and don't look back!
- cat9 11y agoFor reference, I'd kick myself for undercharging if I billed that much for a week, and correspondingly consider it "annoying but not business-critical" if I had trouble collecting it. Charge more. Your rates should not be pinned to a lowball bid for an annual salary for a newly minted CS student. You're assuming far more risk, and hang around just long enough to deliver major value and get out, rather than being just productive enough that it's not worthwhile to hire someone to replace you. You need to operate like a business that is delivering a high-value service in exchange for a reasonable fee. And you should probably narrow down your offering & marketing to the point that you have very few direct competitors, and practically none once you account for location and availability.