Sometimes in our digital agencies we create systems and structures without full thought to the ramifications these structures create for us. Without thinking these things all the way through, we can find ourselves in situations that we created, that stop us from growing, that stop us from developing the business we want.
Payment terms are one of these areas in our businesses which we need to give more consideration to. It’s a common mistake digital agencies make, to set up payment terms that that stop us from getting paid, as a result of actions by the clients. Cash flow can stop indefinitely for projects, creating a real roadblock for our business.
Watch this video for more information of this type of thing, offering some alternatives that will help you run a better digital agency.
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