When it comes to small businesses, there are a few things that are important, that you really must do in order to succeed. It’s a unique environment after all. Each part of the business is essential to supporting all other parts of the business, so the important thing is to make sure you properly follow each “must” part of a business growth. If you lack any of these pieces the enter thing could come apart. Some of these musts include:
-Ensure Payment
This many seem obvious but it’s not as straight forward as you might think. It’s obviously true that if you don’t get paid then you won’t succeed in a small business. Part of the problem is that a lot of your clients in a small business environment may have more of an informal agreement with you. Some clients that are less scrupulous might change their mind about the agreement you made at the last second, before you’ve even delivered them the goods or service.
Some of the seriously unscrupulous ones might not pay you even after. It’s hard to always determine who is going to be honorable about payment and who is not. This is especially the case if you do a large amount of work through the Internet, without even seeing someone’s face, for example. That’s why it’s useful to talk to them on the phone if at all possible. If you have a better sense for someone’s mannerisms and what they expect, you may be able to get a better bead on how they are likely to treat you in a business transaction.
-Get Some Upfront
But overall, having potential trouble with clients over payment is just one of the problems all small business owners have to deal with. One of the solutions to do this problem is to get some portion of your payment up front. This can be as little as 10 percent, but up to 25 percent is often accepted based on the industry. This is especially true if you have any kind of large contract with a client, even more so if the client is untested.
Really it’s the best idea to get a business growth plan contract if the amount is large enough, since this is the only way to have a chance of being certain that you’ll be paid enough to keep your business going. Any business that doesn’t ensure payment won’t be a business for very long.
-Ensure Payment
This many seem obvious but it’s not as straight forward as you might think. It’s obviously true that if you don’t get paid then you won’t succeed in a small business. Part of the problem is that a lot of your clients in a small business environment may have more of an informal agreement with you. Some clients that are less scrupulous might change their mind about the agreement you made at the last second, before you’ve even delivered them the goods or service.
Some of the seriously unscrupulous ones might not pay you even after. It’s hard to always determine who is going to be honorable about payment and who is not. This is especially the case if you do a large amount of work through the Internet, without even seeing someone’s face, for example. That’s why it’s useful to talk to them on the phone if at all possible. If you have a better sense for someone’s mannerisms and what they expect, you may be able to get a better bead on how they are likely to treat you in a business transaction.
-Get Some Upfront
But overall, having potential trouble with clients over payment is just one of the problems all small business owners have to deal with. One of the solutions to do this problem is to get some portion of your payment up front. This can be as little as 10 percent, but up to 25 percent is often accepted based on the industry. This is especially true if you have any kind of large contract with a client, even more so if the client is untested.
Really it’s the best idea to get a business growth plan contract if the amount is large enough, since this is the only way to have a chance of being certain that you’ll be paid enough to keep your business going. Any business that doesn’t ensure payment won’t be a business for very long.
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