Getting paid: invoices, deposits and late payers
5 chapters·14 min·action plan·mastery check
Chapter 1 of 5
The idea
Profitable businesses still fail — because cash arrives too late.
Protect your cash flow
Agree terms before starting, ask for a deposit on bigger jobs, invoice the same day you finish, and set clear payment dates (like 14 days). Follow up politely the day after it's due. Many countries let small businesses charge interest on late invoices.
Predict first
Many B2B late-payment rules let you charge interest on overdue invoices. In the UK, statutory interest is…
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