I rewatched this video today before sending off a contract this afternoon. It was super helpful to hear you recommend collecting progress payments for projects that stretch longer than 4-6 weeks!
do you believe in leveraging debt when you run an agency? Chris Do in a video 9 years ago said, its nice to have while you get your clients to pay you, leverage etc. But times have changed and I would love to hear your thoughts in todays age where there are so many tools for low/no cost.
@@MarchedYeti96 I am a big fan of staying out of debt as long as possible. However, good debt can be good. Bad that is always bad. Good debt, makes you money. Bad debt only costs you money. It’s much easier today to start a business, especially an agency, with not that much capital. You can always grow and scale from there. However, if you have a consistent stream of expected revenue sometimes good debt can help you grow and expand. Also, if you are disciplined, you can use credit cards as a way to pay all of your bills, and then pay them off every month, and it builds you up business points and you can use those points for your business as well, to pay for things like travel, expenses, etc.
I rewatched this video today before sending off a contract this afternoon. It was super helpful to hear you recommend collecting progress payments for projects that stretch longer than 4-6 weeks!
Nice! Good luck
New subscriber, graphic designer, trying to start my own design business. Watching your videos and making my plans! Thank you
Awesome! Thanks for tuning in. Hope u find our channel helpful.
Great content, thank you!
Profit first was an eye opener for me. I knew this but still needed this lesson.
Bless you dude, keep up with this work 💥👍
Such a simple but powerful concept
do you believe in leveraging debt when you run an agency? Chris Do in a video 9 years ago said, its nice to have while you get your clients to pay you, leverage etc. But times have changed and I would love to hear your thoughts in todays age where there are so many tools for low/no cost.
@@MarchedYeti96 I am a big fan of staying out of debt as long as possible. However, good debt can be good. Bad that is always bad. Good debt, makes you money. Bad debt only costs you money. It’s much easier today to start a business, especially an agency, with not that much capital. You can always grow and scale from there. However, if you have a consistent stream of expected revenue sometimes good debt can help you grow and expand. Also, if you are disciplined, you can use credit cards as a way to pay all of your bills, and then pay them off every month, and it builds you up business points and you can use those points for your business as well, to pay for things like travel, expenses, etc.