Many hats

Publish date:

They say that if you are a small business owner you must wear many hats. Sometimes I feel like we need to add a dentist’s hat to the list because getting paid can be like pulling teeth.

And it’s not getting any easier. When it comes to payments, “take fast, pay slow” seems to be the order of the day.

I used to be able to count on at least a few days of lag time between writing a check and having that check clear my bank account. But these days, checks go through almost instantly. At the same time, payments seem to come in at around “slow boat from China” speed.

This creates a need to pay much closer attention to our cash flow to avoid the dreaded overdrafts which now cost 30, 40, 50 bucks a pop. A late payment can wreak havoc with the bank account and end up costing hundreds of dollars, none of which is going to be recoverable.

Related Articles

Monday, Monday

Can’t trust that day, the song says. We have all heard about how tough Monday can be. But I can tell you this, Monday morning is absolutely the best time for making or closing sales.

Tell the story

I have been asked about my work many times. Not any nuts and bolts stuff that I’m pretty comfortable talking about but things like how I feel about what I do or how I must love my work.