Doing your work for your customers and clients is the easy part. Sometimes, much harder is getting paid. Today’s business world provides many tools that make getting paid easier for everybody. EFT, PayPal, Venmo or Square could be the best for your business. Credit cards, payment cards or even paper checks might benefit you. Which method you choose for your business will affect your cash flow and can make or break your business prognoses.
Equally critical to your business health are the payment terms detailed in your contract. Net 30 is common but might not be right for your business. Might 2% Net 10 be better? What about Payment due 10 days from Date of Invoice? You need not simply accept the terms in the contact your customers and clients pass as their standard paper. Your business needs a strategy that that defines your healthiest payment terms and then get those terms in the contract.
DrContract can help you diagnose the right payment method and payment terms for your business. Even better, DrContract can get those terms into your contract and help your business thrive! How do you want your money??