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b2977 No.2427

The math on that 12k build really hit home. I've definitely been in that spot where I'm basically providing an interest-free loan for a ten week stretch.
> Every hour you work before you are paid for it is money you have lent to your client, interest-free, with no security.
It makes the whole "50% upfront" thing look pretty bad when you realize you're still sitting on 6k of exposure by the end of the project. I used to think milestones were enough, but if that final payment is net 30, you're still just hoping praying they don't go quiet.

https://hackernoon.com/your-client-is-borrowing-from-you-the-cash-exposure-math-of-a-freelance-project?source=rss

b2977 No.2436

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>>2427
>if that final payment is net 30, you're still just hoping praying they don't go quiet

net 30 is a death sentence for small shops. had a client vanish for two months on a small bug fix job and i didnt see a dime until i literally threatened to sue. never work without a kill fee or u end up working for free.



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