Have been reading a bit today, as I finally had an afternoon off from work. That means I had time to wash my hair and such, and also bring myself up to date with everything that happens right now fashion-vise (so many pre-fall collections I had no idea about > i want more time) and came across this article (via bobbyvoicu on Twitter) about ’7 business mistakes that nearly made me go broke’. This following paragraph caught my eye, as I am having similar problems right now:

“Collect your money on time

Making money may seem like a hard thing, but collecting money from people can be even harder. In 2008 I worked for 8 companies that never ended up paying me. This wasn’t a few dollars either, a few companies still owe me over $100,000…sadly I don’t think they will end up paying.

With your business collect the money first before you provide anything. No matter how large a company may be, they can still go bankrupt. Things like contracts and debt collectors won’t help you much if the company doesn’t have money.

And for some reason if someone owes you money, whine to them until you get paid. If you act like you don’t need the money, you’ll never get paid. But if you whine and act like you are in financial trouble, hopefully they will feel sorry and pay you.”

However, ‘If you want to succeed you can’t give up!!! Sooner or later you will do well, but like anything worth while, it takes time’. True conclusion. And by the way, loved the photo and wanted to share.

Comments (0)

Florina on 17.01.2009

So? Are you ready to change your business rules? :D
Payment before shipment? :D

Florina on 17.01.2009

So? Are you ready to change your business rules? :D
Payment before shipment? :D

Ludmila on 18.01.2009

totally agree. told you about the money. as a change start taking 50% beforehand for any order.

hugs*****

Mila

Ludmila on 18.01.2009

totally agree. told you about the money. as a change start taking 50% beforehand for any order.

hugs*****

Mila

alice in vintageland on 18.01.2009

You should definitely ask at least for half the price before making someting for someone, nor everybody is as kind as you are:)

alice in vintageland on 18.01.2009

You should definitely ask at least for half the price before making someting for someone, nor everybody is as kind as you are:)

Diana on 18.01.2009

Uof, stiu ca aveti dreptate. UOF! :)

Diana on 18.01.2009

Uof, stiu ca aveti dreptate. UOF! :)

romania inedit on 19.01.2009

Mie imi place pieptarul asta !

romania inedit on 19.01.2009

Mie imi place pieptarul asta !

Prêt-à-Porter P on 23.01.2009

sometimes it doesn’t PAY to be nice.
im liking what a lot of people say, to get half before starting. but definitely no item if there is no money.

Prêt-à-Porter P on 23.01.2009

sometimes it doesn’t PAY to be nice.
im liking what a lot of people say, to get half before starting. but definitely no item if there is no money.

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