Pre- 2000, running a business consultancy, the worst payers were large local authorities (and some small ones), who would routinely hang on to your invoice for 90 days, and often more. Grrr. The best were micro businesses or sole traders, but on the whole, payment within 30 days was highly unlikely, and one just had to balance cash flow with a big cushion behind the business overdraft. Putting the cost of borrowing money had to be built into the business plan.
Photography has higher costs than business consultancy. There’s a tangible product which, depending on output, is either expensive or very expensive to produce. A framed handprint is going to have high materials costs, and can take many hours to produce. And capital equipment is expensive. Photography has always been expensive, that’s just the way things are.
Debts, chasing them, can be a bit of a nightmare, especially at the beginning of one’s career. Someone who regularly isn’t being paid on time might even decide whether or not it’s possible to carry on at all, since vital bills can’t be covered, and that makes the next job so much more difficult, even impossible. So can you imagine how annoying it is to be owed a large amount of money, by someone who clearly thinks it’s okay not to pay?
I’m pondering whether or not to publish all the details here, a name-and-shame. What do you all think?
My automated deli.cio.us gathered up these links and posted them yesterday as a post called links-for-2008-02-09. The way I use deli.cio.us is a bit at odds with how I want this site to look, so I’m going back to the old system, de-automating the post function, and having the finds links appear in the sidebar as Today’s Links. It’d probably work when I’m up to my usual 2 or 3 posts per day, but when I’m horribly busy, it just looks either a) lazy or b) a bit existential, as if I’m here but I’m not. Good to give it a try though.
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People Who Don’t Pay
Pre- 2000, running a business consultancy, the worst payers were large local authorities (and some small ones), who would routinely hang on to your invoice for 90 days, and often more. Grrr. The best were micro businesses or sole traders, but on the whole, payment within 30 days was highly unlikely, and one just had to balance cash flow with a big cushion behind the business overdraft. Putting the cost of borrowing money had to be built into the business plan.
Photography has higher costs than business consultancy. There’s a tangible product which, depending on output, is either expensive or very expensive to produce. A framed handprint is going to have high materials costs, and can take many hours to produce. And capital equipment is expensive. Photography has always been expensive, that’s just the way things are.
Debts, chasing them, can be a bit of a nightmare, especially at the beginning of one’s career. Someone who regularly isn’t being paid on time might even decide whether or not it’s possible to carry on at all, since vital bills can’t be covered, and that makes the next job so much more difficult, even impossible. So can you imagine how annoying it is to be owed a large amount of money, by someone who clearly thinks it’s okay not to pay?
I’m pondering whether or not to publish all the details here, a name-and-shame. What do you all think?
Debt Collections Agency, Debt Recovery Agency
Debt Recovery :: Credit Collection Services in the UK
Direct Collections Ltd – References
My automated deli.cio.us gathered up these links and posted them yesterday as a post called links-for-2008-02-09. The way I use deli.cio.us is a bit at odds with how I want this site to look, so I’m going back to the old system, de-automating the post function, and having the finds links appear in the sidebar as Today’s Links. It’d probably work when I’m up to my usual 2 or 3 posts per day, but when I’m horribly busy, it just looks either a) lazy or b) a bit existential, as if I’m here but I’m not. Good to give it a try though.
Similar Posts:
Popularity: 1% [?]