Marc Diener wrote a interesting piece on 6 laws dealing with money in this month’s Entrepreneur Magazine. A few I liked:
1. Money sooner is better than money later- get paid up front if you can
2. Get the best money you can: Cash first, certified check second. "Anything beats a verbal IOU"
3. Get the right to offset: Buyers hold back money to offset future problems
I agree whole-heartedly on these comments. I’ve completed some SEO work for a major company and haven’t seen payment for over a month now. I highly recommend The Go Big Network http://www.gobignetwork.com to find advice on other small business issues. The Go Big Network is a community of highly experienced entrepreneurs, investors and other individuals in the startup business arena.