5 Minutes on Creative Entrepreneurship
5 Minutes on Creative Entrepreneurship
Eric Holter
Unearned Revenue Might Be Killing Your Business
5 minutes Posted Jun 23, 2020 at 10:00 am.
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Creative entrepreneurs often suffer from a liability that slowly digs them into financial holes. It’s called the unearned revenue problem. This liability is exacerbated when you bill your projects half up front and half on completion—and if you don’t compensate for it, you’ll be sinking deeper and deeper into debt.