My main client's payment system went down for a week and I had to scramble
It happened last month when their accounting software got hit with a ransomware attack. I was waiting on a $2,800 invoice from them and suddenly had zero cash coming in. I had to take on three small, quick jobs from Upwork just to cover my rent in Phoenix. How do you guys build a backup plan for when a big client just... stops paying?
I actually read a piece in the local paper about a small accounting firm that got hit with ransomware last month. They had to pay $15,000 in Bitcoin just to get their client files back. The worst part is they lost a week of work and nearly had to shut down.