Look at Erika getting all Norma Rae on us...you go girl.

On Wed, Feb 11, 2009 at 8:29 PM, Erika L. Walker <[email protected]>wrote:

>
> Cam - cool. Just making sure ;)
>
> And another few thoughts.
>
> I don't know about the rest of you that run your own small business (not
> those that do it on the side, I mean those that work 100% for yourself) ...
> but I know times are hard right now for a lot of people. And I can tell you
> this: I'd much rather work for clients that pay on time than ones that
> don't
> no matter how much "good will" you are willing to spread.
>
> I do my fair share of work for "free", and those people know that as far as
> the totem pole goes, they aren't at the top. They understand that bills
> need
> to be paid, food has to be be bought and utilities kept turned on, savings
> accounts funded. So when they have something needing to be done, it might
> take a little while, and they understand... so that's all good.
>
> I am lucky that 90% of my client base pays their bills on time or at least
> within 60 days. I haven't had to use any strong arm tactics, ever. But I
> know if I *have to* I can and will.
>
> I understand you can be lenient, and you can be compassionate and you can
> work with some people. If you have a long history with them, and your gut
> says you aren't going to get screwed in the long run, then by all means,
> pour on the understanding and the honey.
>
> Just REMEMBER! All the time you spend working with that client counts. Keep
> track of it. At the end of a few months - add it up. Where's your hourly
> rate at? How much money could you of made if you had spent that time on a
> paying project? Will you recoup all that time? When do you call it quits?
> Did you turn away a paying client because you had a week long commitment to
> work with the client that can't pay right now? When do you cut your losses?
>
> Look. Ultimately, unless you are a trust fund baby or have millions in the
> bank and don't have to worry about saving for retirement, we're here to run
> a business and make money. You cannot make money by being soft in
> collections. Bottom line.
>
> IRS doesnt care about your non-paying customers. They aren't going to pour
> on any honey. A business is a business and still needs to be treated as
> such.
>
>
> 

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