When Should A Late Customer Get Cut Off?
When owning a business one of the important parts is ensuring you have cash flow. No cash flow equals a dead business. Collections are a critical aspect of your cash flow. You have to make sure customer invoices are paid in a timely fashion. The question with a late paying customer, when should you cut them off? I don’t have to tell anyone times are tough. The economy is still in the dumps, and more than likely will be for quite a long time in the future. I have compassion for my customers that are struggling, but up to a point.
Does Net Worth Matter?
Photo Source: Phoney Nickle@Flickr
I see all of these financial blogs focusing on their net worth progress. My question is, do I care? Not do I care about what is their net worth, but do I care about monitoring my net worth? It’s kinda neat being a voyeur, watching people discuss their net worth to the world, and maybe that’s the fascination. It’s what the general public and media focus on. I think they are focusing on the wrong goal.
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