Photo: Wikimedia Commons (CC BY 2.0)How to set payment terms that get you paid on time
Set your own payment terms, print an exact due date, and follow up on a fixed rhythm. Here is what the law allows when a business pays late.
What a rule, a price or a contract actually means for a small business - explained without the jargon, with the source linked.
6 stories
Photo: Wikimedia Commons (CC BY 2.0)Set your own payment terms, print an exact due date, and follow up on a fixed rhythm. Here is what the law allows when a business pays late.
Photo: Wikimedia Commons (Public domain)Search company registers and trademark databases in the right order, and know what a clean search can and cannot promise before you spend on branding.
A cash flow forecast tracks when money arrives and leaves, so a short month shows up early, while there is still time to do something about it.
Dilution, liquidation preference and control decide what a first term sheet really costs a founder, and which clauses are worth negotiating.
Price a service from your real cost, add value where it is justified, and test higher numbers on new clients before a full increase.
Retention rules depend on the record, the country and the business type. Here is what companies, sole traders and US businesses need to keep.