As a self-employed business owner, you work harder than ever for your money. This is especially true for freelancers. Unlike a salaried job, freelance income doesn’t come with the security of automatic scheduled payments. Instead, getting paid relies on your ability not only to find customers, but also in your ability to secure a timely payment when the work gets done. How quickly you get paid can vary from project to project, whether you like it or not.
Makeup artist and eyebrow expert Suzie Moldavon is no exception, but she’s learned how to manage her varied types of clientele. For individuals, she typically expects payment on the day of her services, or very soon thereafter. In contrast, most larger companies pay her within the standard 90 day period. That said, there have been rare occasions when clients have not paid Suzie at all, which she views as a valid reason for breaking up a relationship. Contracts are important, Suzie says, but may not be necessary for every single client. At the end of the day, you have to decide whether the opportunity is worth your time and cost, and act accordingly.