1min snip

2Bobs—with David C. Baker and Blair Enns cover image

The War on Payment Terms

2Bobs—with David C. Baker and Blair Enns

NOTE

Establish Payment Policy for New Clients

Having a policy that mandates new clients to pay something upfront is crucial. It is recommended that new clients pay a minimum of 25% of the fee portion of the first phase of the engagement. In certain cases, asking for 100% upfront is also acceptable. The key is for clients to make an initial investment before work begins to solidify the commitment and establish a paying relationship.

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