Getting Paid When No One's Paying

One of my friends is an attorney at a law firm that hands out bonuses each quarter—if the firm meets the revenue goal. Eager to meet that goal, someone at the firm proposed offering a 5 percent discount on the invoices if payment was received by a certain date.

Now, I never heard if they actually did this or not (I haven't followed up with my friend), but when I heard the idea, I thought, "What a great idea!" Perhaps a bad precedent to start with your customers, but a creative solution to a problem nevertheless!

Here are some more great ideas from the New York Times to help ensure you get paid on time.