Earning huge is a strategy

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Sometimes it may feel like business is not just working as expected. You have to keep turning ALL the sheets till you catch just right. Running a small scale business can be very hectic. One aspect to consider is the fact that it may be very difficult to get a one time tangible payment. One thing is securing a job, another is making sure what was seen as interest comes out whole. In the absence of this, there is bound to be vulnerabilities.

Let's say for instance, you are targeting an interest of $100 dollars before the week runs out. Fortunately, this has shown up but only in your invoice. How about payments? It is pending. Were you able to secure $100 into the company's account? No, and sometimes that complete transaction may last for weeks. This is one challenge I am still working on eliminating. A growing business must show some level of tolerance and most is very inconveniencing.

I do business elsewhere too. For instance, anytime I send a job to my affiliate, it is payment even before service. Of course, they've grown big with much workload on their table. One of the ways to get their attention is to make an early payment and secure their commitment. This is a business hedge, they don't only see transactions on papers (invoice) but rather on the company's account. Every deal is here is real.

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Fainting deals is not good for the health of a business, it leads to under planning. How often does not Enough money halt a big opportunity. Maybe I had to reach out to a big market to get stocks and all I have is money as an invoice and not as currency. It is not easy, I keep on advising our customers to make early payments for services. Some feel embarrassed a times, you know they think they are far bigger than such money. What they don't know is that we are trying to make sure blood is still intact in our business veins.

This was one of the reasons we decided to expand, the idea is to drive in big and payable deals. Without cash flow, business is heading One Direction; bankruptcy. Let's say we have something huge to fix in the office and there is no physical money to resolve it. What happens next? Business will face downtime, money may need to be brought in through loan terms. Of course you know the consequences of loan (paid back with interest). Is this a good business, when your invoice is showing you have double or three times that price?

At the end of the day, those pending transactions when redeemed may be used to pay back loans with interest. Oh yes!! This is a loss. This is why I keep on advising, don't stay small for too long. There is nothing wrong in starting small, yet everything is wrong in staying small. You are likely to be content with poor transactions. I am talking from experience and I am doing my best to climb out. Remember, you are the entrepreneur and not your customer. If you are delivering the right service then you deserve your instant payment.

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There is always something to fix in a business, a staff to pay, stocks to bring in, electric bills, rent to renew, machinery to maintain and so on. Everyday as an entrepreneur remains a battle ground. You know most customers are just employees who may not understand business management and its necessary life wires. I had such issue recently and when I was fed up I had to speak with some customers who were still holding back some bulk payments. I was able to salvage the situation and what was my lesson, some customers just want to test how serious you are about transactions.

sounds funny but its very true, one of such was when I decided to halt a service from one of our big customers. You know that threatening statements like, maybe this will be the last time doing business with you. I wasn't moved, my feedback was, please lets clear off all debts, there has been a business restructure, we do not allow debts especially when it exceeds this and this amount. The company wants every transaction to be real.

To conclude, let me add, who doesn't know the current economic situation that is savaging the country. This was one of the messages I sent back. Sir, we need more money than ever. Giving out quality demands consistent cash flow. I have learnt to make customers know that it is from the payment they make that a service is processed. We do not keep any spare money for such operations, when doing business with us, do well to come very prepared.

In as much as we appreciate your patronage, a customer is not meant to be a burden to a business. As an entrepreneur develop every needed tactics to see that you are able to see tangible transaction, pending payments is not in any means good for business growth.

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