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Ed Y.'s avatar

Love this. One suggestion: try to structure the agreement so you get paid upon invoicing. We used to invoice at the end of the month, and clients would then take their sweet time paying. Now we invoice on day one of the month upcoming with payment due upon receipt. Many clients we require credit card on file and we just charge them upfront. Only really works if you are on a set retainer or fee structure. But very few clients complain. It dramatically eases your cash flow issues.

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BowTiedLaunch's avatar

Great post BTO. Personally I'm going to take this and roll it out with an S Corp election I'm doing to lower my self employment taxes on 1099 work I was doing anyway. For anyone that gets decent volume as a 1099 S corp elections help you reduce your tax burden by a significant amount.

The S Corp + your system seems like a great way to build a brand and get some inbound to not have to worry about generating clients outbound all the time.

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