The Startup Chat With Steli And Hiten

441: What to Do When Your Customers Don’t Pay on Time?

Informações:

Sinopsis

In today’s episode of The Startup Chat, Steli and Hiten talk about what to do if your clients and customers are not paying you or paying too late. When you provide your services to a client, you expect to be paid for it. But sometimes, clients pay very late or worse, don’t pay at all, and it’s important to know how to handle a situation like this if it arises at your startup. In this episode, Steli and Hiten talk about why you shouldn’t rely on one big customer, the first thing to do when a customer doesn’t pay, how to prevent this from happening and much more. Time Stamped Show Notes: 00:00 About today’s topic. 00:33 Why this topic was chosen. 01:44 Why you shouldn’t rely on one big customer. 02:25 The first thing to do when a customer doesn’t pay. 03:40 What it’s like working with big companies. 05:37 Things you could do when this happens. 06:10 How to prevent this from happening. 07:14 Why you should ask for payment upfront. 08:47 How cash is king and key to a successful business. 10:10 Why having a great