Think the Fiscal Cliff is a Big Deal? Think Again.

Everyone's talking about the fiscal cliff. Please. Let's talk about small business's real problems.

I am responsible for reviewing new contracts with our clients and I recently came across something that floored me. One of our client agreements calls for payment terms of net 75. That means this client—a large, very well-known brand—wants to pay us almost one quarter after we deliver our services to them.

How nice for them. While they request such a long time to pay me, I am still beholden to my employees, who expect to be paid twice a month, and my vendors ...