Day 169

Only a few more days left until I get massive amounts of money!

Literally enough to make it rain money in my entire apartment! 😄

For some reason most customer choose to pay exactly on the date that it should get paid and others just pay late. 

It only happens within the pay duration if I call them and ask them if they can pay me. This is very tedious and it has the potential to ruin customer relations.

Another rule is that when they pay me I upload the app to the store.

Kinda wish I did this with the last customer because now we’re 12 days in and I’d really love to get the money by now.

100% upfront would also work but also wouldnt.

At some point the irs might take it from my account which leaves me with nothing.

And it might not be as nice for the customer either.

50% upfront is a good strategy and only start once the money is there.

Even this is hard for customers somehow.

I tell them they have to pay now so I can start and I only have two weeks to finish the product at which point I have to start a new project so my time is very limited and still they pay after a week or later leaving me with not enough time for the project.

Should I change the way I invoice money?

Should I just get different customers?

I’ve listened to a lot of podcasts on this topic and read some books but still it not a one size fits all solution.

Right now I’m not really sure how to advance in this.

One thing that might be good but what I dont like is to hire an agency to go and collect the money. Which are extra costs for the customer.

Is t there any solution out there that tackles all the different scenarios I have?

I do freelance work. Fixed price projects. And some hours are actually as employee because that income is guaranteed on a specific date. And I have investmentprojects but they dont make any money at the time.

Lemme know what I can use for all these types!

Daily balance:

Expenses yesterday:
Personal:

€ 5,65

Business:
€ 0,00

Income yesterday:
€ 0,00

Combined balance personal and business account:
€ 167,05


– IRS: € 46.534,16
– Business: € 21.450,26
– Personal:  € 7.458,66

Total Debt:
€ 75.443,08

Net worth day 169:
– € 75.281,63


€ 25.030

Cheers,
David

Currently reading this financial book:


Crush It!: Why NOW Is the Time to Cash In on Your Passion

Status:
Page 171 of 182
94% read

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