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Assuming you can take PayPal or some form of compatible payment.
Often times this is the biggest concern.
They found you, right, so this means they are willing to work with you.
To me this is about risk management and your level of trust. Assume that you will not get paid your final piece, and modify your percentages so any loss is tolerable and a survivable learning experience.
Bad Debt was an interesting concept. As an engineer, I thought Bad debt should be ZERO (I sell my time, which does not have a great margin in reality). But if you sell a product with a 40% margin. And you have ZERO bad debt (as opposed to 1% bad debt), then you are refusing 99 Customers at 40% profit (~400%) to save the risk of a 100% loss (and usually lower, because you credit less when first starting). It's bad business to have ZERO bad debt, because you have far too few customers who could be making you a lot of money.
I consider the few people who did not want to pay the rest of my bill a Marketing expense. Since I don't really do any marketing, the occasional $500 or $1,000 write off is what it is.
I usually know pretty quickly who is going to be a problem. I have walked away from a few potential clients because the vibe was wrong...
If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about?
Help me to understand what I'm saying, and I'll explain it better to you
Rating helpful answers is nice, but saying thanks can be even nicer.
So our VAT rate will be increasing from 14% to 15% on the 1 April (no joke). I'm wondering how many programs have this hard-coded and will be able to handle it properly, including working out VAT before and after the changeover. Reminds me of Y2K.
Last Visit: 31-Dec-99 18:00 Last Update: 20-May-18 5:04