Hello People
I’m new here and i was wondering , how do other contract workers who have contracts with colleges or cities handle not getting paid till 30-45 days after If you don’t have a contract right after.
Can we stack them and if so how ? #entrepreneurship
You probably shouldn't have them as a client if you don't have the cash to do it. You could borrow the cash BUT you should have been factoring that interest in to your price. It's the same as taking a job requiring a fork lift if you don't own a fork lift. What you do? You'd rent it! But you pay a premium for that and you'd need to pass that off on the client. If you can't afford to rent it, then you can't do the job. Same thing with them - they require a secure company that doesn't rely on them as their primary income.
"Money is in the bank...just not my bank"
Rich people get paid first and poor people get paid last. Sometimes you just have to make it a requirement that for someone to work with your business you take payment up front or make the payment terms net 15. That's what I've done with most of my commercial accounts and it's helped a lot with cash flow.
