Business design advice to keep you sane & prosper
Inspired by the recent “My Top 10 Business Design Failure” presentation in the Notebook, I thought about this from my business standpoint and decided to share my own business lessons and thoughts. I’ll keep this short(ish) and bittersweet.
Not sure why designers do this, but I receive quite a few emails asking me if I obtain a down payment. The answer is yes and no. Yes, I require money upfront, but no I don’t consider this a down payment. It’s considered a retainer. If you are a busy designer, most likely you are scheduling work well in advance. In order to secure working together for a date that extends beyond a month I require a 25% retainer with an additional 25% upon the start date of the project. Never start work without payment.
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