Collecting deposits or retainers before starting work is a must!
FreeAgent ran a survey for freelancers that ended last month and the results are in!
FreeAgent Central presents the results of our Freelancer Report 2009: a survey into the experiences and attitudes of freelancers and small businesses in the current financial climate.
Part 1: Just the Facts, Ma’am provides overall results for each of the survey questions asked, and Part 2: Who’s Feeling the Pinch? reveals what happened when we cross-referenced how you felt about the credit crunch against your industry, how long you’d been in business, and other factors.
Astonishingly in Part 1, Graph 1.8 ‘Do you collect deposits or retainers before starting work?’ reports that over 50% of people do not collect a deposit before they start work, this really shocked me! Roan let me know that this number is in no way skewed by small business owners and that the percentage is very similar for just freelancers. Scary stuff, I hope that everyone reading this takes deposits before they start any work?