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April 03, 2008

Bill before the 'moneymoon' is over.

The Urban Dictionary's Word of the Day today is Moneymoon, defined as:
The time after your purchase of a good or service and before 'buyer's remorse' happens. "The moneymoon is over, I realzie now that buying that boat was a waste of money."
Made me think of the number one rule of small business cash flow: Bill your clients before the moneymoon is over.

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Comments

Is this a real ethical practice I wonder?

If there is a chance that a client might face buyer's remorse, shouldn't one consider changing the product or service to begin with?

Just saying...= )

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MATT HOMANN

  • He’s been an idea collector his whole life.

    He used to be a lawyer, but now works with XPLANE, The Visual Thinking Company.

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