Comments on: A la recherche du posts past

By: wimminz

wimminz — Wed, 10 Aug 2016 21:32:31 +0000

If it involves any kind of materials it’s 100% cash with order.

if the customer supplies materials it’s 100% cash on collection.

I have *one* exception, my first customer, he bungs me a check for the last job when I deliver the next, and he supplies his own materials, most I’m even outstanding with him is £150 and he is a very regular and very good customer.

“cash” to me = cash money or cleared funds in my bank, nothing else.

I think my posts are about the decay of society and industry as a whole, but whatever you see in it, that’s cool with me.. .;*)

By: thesqueezed

thesqueezed — Wed, 10 Aug 2016 21:11:43 +0000

BTW, I like your blog, reading and learning, and the engineering point of view. Put another way most of your posts are about the elites running down, asset stripping existing infrastructure, physical or social. If you know the Bain Capital’s Matrix, that means that they consider the UK etc “dog” economies, with some parts “cash cows”. Good for liquidation. Eventually even the south east will be liquidated like the north was when the inflow of debt money ends.

As to payment terms, In some other european even banana republics big companies pay at six months days plus, and the government at 1-2 years plus, and that’s more or less check kiting on a big scale. But can justify a big bonus for the treasurer of a big corporate to squeeze suppliers and make payables a profit centre. Plus called “factoring” companies spring up, that buy your invoices at a discount and pay (end of month), for a not small cut, and this has been going on for decades.

But “cash with order” if 100% is a bit harsh, unless you have a lot of reputation. Depending on job duration I used to ask 33-50% cash with order, rest at delivery.

By: wimminz

wimminz — Tue, 09 Aug 2016 10:55:48 +0000

Yup, when you’ve had the goods for two plus months, no rush to pay the supplier at all.

One of the reasons when I set up this business, golden rule #1 was “cash with order”

By: hans

hans — Tue, 09 Aug 2016 10:51:22 +0000

I cannot overemphasize the PLUS in “60+ days of credit”, these fuckers seem to think money just pops out of nothing (which for them it does) and paying for goods delivered is for loosers.
Even worse, that attitude has spread to middle class companies too.
It´s what drove my pal out of business and back into slave-wagedom to keep supporting his family, fuckers just wouldn´t pay.