Tags: bad debts, cash flow, companies debts, company debtsCompany debts are a norm in businesses and as small business owners, we all know a healthy cash flow is vital to a business.
Although the stressful period of retrieving my bad debt is over, I still have many customers that cannot pay up in full or delay the payment by 1 month or so.
Tags: economic crisis, entrepreneurs in bad times, hard times, less entrepreneurs, new entrepreneurs
I saw this article in Singapore’ Straits Times this morning and it reminded me of when we first started our business in early 2009.
We were in the midst of the financial crisis and many questioned my rationale for wanting
Tags: great service, great value, positioning, price competition, target audienceI don’t believe in price competition. I don’t want to position my company as one of the lowest priced ones in the market.
Simply put, I put in a lot of care to select the right kind of customers for my business.
And here’s my story:
When we first started the business about a
Tags: bad debts, debt collector, Small Claims TribunalsWhy we decide to engage our first debt collector.
It’s the time of the year to file for taxes again and I like to do it fast and get it out of my way.
I called up IRAS today and found out a few more things regarding e-filing for my partnership company.
Just for your info, especially if you are a new company that may not know these:
I love coming up with the overall branding direction of a product! I guess I truly enjoy this aspect of my business more than sales… It’s fun, it’s mind boggling and it’s time to unleash my creativity!
Being your own boss means the new brand will be everything you want it to be, from the feel to the look, from the sound of its name to its target audience
Yes, it’s happening again… Oh well…
And let me apologise for this week’s infrequent posting before I start writing. I have been busy and a little lazy too. Will remind myself to stay discipline and be on track.
I was just speaking to a friend just now and we brought up the issue of people owing others money. It makes both parties uneasy and unhappy when one has
Recently, I feel that I have been and am in a few business battles. Maybe it’s the last debt collection episode, maybe it’s behaviors of some competitors.
It certainly can get draining and even discouraging at times being a small business owner. In the course of over about a year. I’ve met many new business owners too and most times, it’s everyone for themselves.
Of course, we do have very
Yeah, finally! I just checked my account online and it’s good news! Although it’s not the full amount (it’s the full 2009 amount), it is already about 75% of the debt! The debt collector will be chasing them again now that this first cheque has just cleared.
I feel so happy about this. It’s no longer about the money but more of showing my debtor that I will not
Tags: bad debt, calculated risks, Debt Collection, decision making, Entrepreneur, weighing odds
