Payment Schedules, Payroll for Owners, & Yearly Reviews

In this episode of Ask Swenk, i’m talking all things payment and payment schedules. The best client payment schedule and how to get your clients to stick to it. Plus, whether the owner should be on payroll and how to handle those dreaded annual employee reviews.

{1:14} Stuart asks: “We have tried to implement your payment schedule of 50% upfront, then 25%, 25%, based on milestones or timelines. However, we haven’t had any success with this, and clients have pushed back hard to get this upon them signing off on the work. Aside from not working with these clients, how have you handled push backs like this?”

{4:44} Adina asks: “Do you pay yourself a salary on payroll? My accountant says I need to pay myself like an employee and then remit payroll tax …for myself! Just wondering if this is common practice.

{6:37} John asks: “Should my company keep doing yearly reviews for my employees?”

How You Can Improve Your Business

I hope this provided you with a clearer idea of payment schedules when it comes to your own team and your client projects in the future.

If you have more questions, I can help. Whether you have been an agency owner for some time or have just taken the leap and started a new agency, I have covered topics including bringing in big clients for your agency to reasons you should sell your agency.

You can check out all my tips, tricks and everything you need to know in my blogs. I have covered a wide variety of topics as well as answering your questions in more from my Ask Swenk series.

Are videos more your thing?  You can check out my Ask Swenk series and more of my videos on my Youtube channel for advice from myself and other agency experts.