Q24: What’s the Best Way to Enforce My Terms?

“What do you do when you send your client an invoice at the end of month one, and another at the end of month two, and a third at the end of month three, by which point he hasn’t paid any of them, and you haven’t enforced your terms and you have no idea how to do that?” Received wisdom is that you charge interest. Don’t do that. If you can’t collect your bill, which you can’t so far, how on earth are you going to collect interest on top? Yes, there is legal provision for you to do that […]

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