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Money, Money, Money
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Manage episode 301431182 series 2915618
Kandungan disediakan oleh Renier Lombard and Jonathan Warncke, Renier Lombard, and Jonathan Warncke. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Renier Lombard and Jonathan Warncke, Renier Lombard, and Jonathan Warncke atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
This episode is all about money, and we cover two very important topics - maintaining cashflow and getting paid.
Renier also shares a strategy that he used when a company that owed him money took the work and ghosted him. Let's just say he got paid the next day.
In the episode we talk about a very useful YouTube video by Mike Monteiro, which you can find here
Here are some highlights if you want to skip ahead:
1:00 - Introduction
2:00 - A lot of people seem to have problems getting paid
3:35 - Cashflow is the backbone and blood of your business
5:25 - Two types of client you should be wary of doing business with
7:55 - Don't do work on the promise of there being more work down the line
9:30 - Why a 90-day waiting period for payment?
10:40 - F you, pay me.
12:00 - Service Level Agreements set the rules
14:45 - the 50-25-25 payment method
17:00 - Maintaining cashflow once you start scaling
20:10 - How the pandemic has affected Renier's business, Flance
25:25 - Losing clients isn't bad, but you need a strategy to replace them
27:28 - Getting everything you can out of all you've got - book
29:00 - Protecting staff when you lose clients
30:25 - How Renier got payment when a client ghosted him <-- GOLD
As we mentioned at the end of the show, we're taking a bit of a hiatus to build the website, and for Renier to focus on scaling his business up. We're excited to be back, bigger and better, in December.
Stay safe out there.
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