Comments on: Do customers owe you money? http://thebabyboomerentrepreneur.com/1070/do-customers-owe-you-money/ Social Media, Marketing, & More for the 40 Plus Entrepreneur - by Andrea J. Stenberg Wed, 10 Mar 2010 20:41:26 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Teresa Nguyen http://thebabyboomerentrepreneur.com/1070/do-customers-owe-you-money/comment-page-1/#comment-2396 Teresa Nguyen Wed, 02 Dec 2009 18:04:58 +0000 http://thebabyboomerentrepreneur.com/?p=1070#comment-2396 I totally agree. What if the customer owe us 30'000 but they already closed down the store, what im i suppose to do? I totally agree.

What if the customer owe us 30′000 but they already closed down the store, what im i suppose to do?

]]> By: Andrea Stenberg http://thebabyboomerentrepreneur.com/1070/do-customers-owe-you-money/comment-page-1/#comment-2267 Andrea Stenberg Wed, 11 Nov 2009 16:11:04 +0000 http://thebabyboomerentrepreneur.com/?p=1070#comment-2267 Gillian, I agree completely. I often wonder why multimillion dollar corporations expect me (or any solopreneur) to offer them financing for several months when my invoice is such a small portion of their budget. Municipalities and other government offices are also known for being guilty of this. I guess the trick in these cases is to manage your cash flow by ensuring you have enough quick paying customers to get you by while you wait for the slow ones. Or make the decision not to work for them. It's a tough one. Andrea Gillian,

I agree completely. I often wonder why multimillion dollar corporations expect me (or any solopreneur) to offer them financing for several months when my invoice is such a small portion of their budget. Municipalities and other government offices are also known for being guilty of this.

I guess the trick in these cases is to manage your cash flow by ensuring you have enough quick paying customers to get you by while you wait for the slow ones. Or make the decision not to work for them.

It’s a tough one.

Andrea

]]> By: Gillian http://thebabyboomerentrepreneur.com/1070/do-customers-owe-you-money/comment-page-1/#comment-2266 Gillian Wed, 11 Nov 2009 04:42:33 +0000 http://thebabyboomerentrepreneur.com/?p=1070#comment-2266 The challenge I find Andrea is that the larger companies sollicit your business and then expect you to comply with their payment terms and worse, rarely respect them. One worldwide firm based in Montreal is particularly guilty of this.So either you don't work with them or you take the day job to pay the bills until they send you a cheque ! I'm always amazed (and touched) that the NFPs and the solopreneurs are the first to pay up and yet they are the companies with the cashflow problems. It's a strange world ! The challenge I find Andrea is that the larger companies sollicit your business and then expect you to comply with their payment terms and worse, rarely respect them. One worldwide firm based in Montreal is particularly guilty of this.So either you don’t work with them or you take the day job to pay the bills until they send you a cheque !
I’m always amazed (and touched) that the NFPs and the solopreneurs are the first to pay up and yet they are the companies with the cashflow problems. It’s a strange world !

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