Inside BS Show

Always get paid up front. That's one of keys to business success.  On today's show we discuss why you should get paid before you do the work and we discuss how to get paid in advance.  Join us for Season 2 Show 23 Episode 145.

Show Notes

Always get paid up front. That's one of keys to business success.  On today's show we discuss why you should get paid before you do the work and we discuss how to get paid in advance.  Join us for Season 2 Show 23 Episode 145.

There are four reasons why you should always get paid in advance. They are:

One: Getting paid in advance insures good cash flow.

Two: Getting paid before the work is done shifts the risk from you to the other party. 

Three: Getting paid up front enhances your client's perception of value.

Four: Your client will be more likely to be compliant - meaning they will do what you need them to do.

We go into detail on each of these reasons on the show today. We also cover:


How to Structure Your Payment Agreement

Structure One: Full payment up front as part of your basic business terms.

Structure Two: Full payment up fronting exchange for a discount.

Structure Three: Less preferable: Half payment up front and half in 30 days.

Structure Four: Never differ payment until project completion.  Instead recieve a bonus at completion. 

All of this is covered in today's show.

YOU ARE NOT ALONE

If you'd like to stay connected to Dave Lorenzo and a group of professionals who will support you, help you grow and connect you with ideal clients, join Dave Lorenzo's Inner Circle Community. During the Covid-19 crisis, Dave is offering his subscribers the opportunity to join as VIP members for a reduced rate of $147 per month or $1,047 per year. This investment is easily recouped thorough the acquisition of one new client. 

To apply for membership visit: https://davelorenzo.com/inner-circle-special-invitation/ or call 888.444.5150

What is Inside BS Show?

Would you like to work with better clients, make more money, and build a business that gives you true freedom?

Have you struggled with the loneliness that comes with working long hours and solving the dozens of complex problems you face as an entrepreneur?

Do you ever feel like the most valuable business secrets are shared behind closed doors—where only insiders have access?

Welcome to The Inside BS Show—your daily invitation to step behind the velvet rope and into the room where real business leaders talk strategy, success, and scale.

These are your people. They've been where you are, and they've gone where you want to go. But most importantly, they feel your pain and can help it go away.

If you're an entrepreneur, CEO of a private company, or leader of a professional firm, this show is your secret weapon.

On each show we break down the business growth strategies that insiders use to win—revenue generation, building influence, succession planning, hiring top talent, navigating legal minefields, and crafting an exit strategy that maximizes value.

But this isn’t just a podcast—it’s a community. We don’t just talk at you; we bring you into the conversation.

Your host, Dave Lorenzo (The Godfather of Growth), gives you an exclusive front-row seat to the insights, strategies, and behind-the-scenes conversations that drive business success.

A new episode drops each Wednesday at 6 AM.

Want to connect with Dave? Call (305) 692-5531.

What are you waiting for? Join us ON THE INSIDE.