Daily Business Briefs
Page 8 of short planning notes for invoices, pricing, taxes, payment fees, quotes, freelance rates, and launch decisions.
A deposit can protect cash flow, but it should be clear in the estimate and tied to scope, timing, and client approval.
A quote is easier to approve when the client can see the total project amount, deposit amount, and remaining balance before work starts.
Margin and markup answer different questions. Confusing them can make a price look healthier than it really is.
Margin divides profit by revenue. Markup divides profit by cost. Both can be useful, but they should not be used interchangeably.