Got an email from my business partner over the weekend that one of our delinquent clients has remitted the past due amount that they owe us ($10,000). Now we only have 3 more delinquent client who need to PAY UP.
Collections are one of the ickiest parts of being self employed. But, because we work on 100% commission, and we "eat what we kill", we have to deal with it. (But it's also a fine line..... the industry segment we work in is fairly small....and everyone knows everyone...., so you have to deal with collections very gingerly and carefully.... because we rely on a lot of repeat business, generated by our reputation, and by word of mouth.).
However, the fact remains: even after this recent payment, we are still owed $25,000 in delinquent fees. Nothing to sneeze at.
It got me to thinking about MONEY and how - when you have enough of it, life seems very rosy, but when you are short of it, it can really cause some stress. Like, a lot.
Isn't it interesting that money - which is so intangible and really worthless (other than the worth we humans ASSIGN to it) can lead to such stress and aggravation?
Interesting, indeed.
Collections are one of the ickiest parts of being self employed. But, because we work on 100% commission, and we "eat what we kill", we have to deal with it. (But it's also a fine line..... the industry segment we work in is fairly small....and everyone knows everyone...., so you have to deal with collections very gingerly and carefully.... because we rely on a lot of repeat business, generated by our reputation, and by word of mouth.).
However, the fact remains: even after this recent payment, we are still owed $25,000 in delinquent fees. Nothing to sneeze at.
It got me to thinking about MONEY and how - when you have enough of it, life seems very rosy, but when you are short of it, it can really cause some stress. Like, a lot.
Isn't it interesting that money - which is so intangible and really worthless (other than the worth we humans ASSIGN to it) can lead to such stress and aggravation?
Interesting, indeed.
1 comment:
Good that you are getting SOME of it back....hopefully the rest will waltz righ back into your house too.....
Money is a tricky thing. I can make life good or bad.
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