[BC] Re: Sales practices

[Mark Croom]

My dad's small business is furniture repair and restoration and he's done a
lot of work for the Federal Government in the Madison, Wisconsin area.
Mostly doing finish and ding repairs on expensive desks, conference tables,
cabinets, etc.

He never gets paid in fewer than 60 days and he just plans accordingly.

Oh yes, he also works on a bid basis with them and he makes sure there is
plenty of "Murphy Factor" time in the bid because he knows if something goes
wrong and the job's not a slam dunk that he'll never get a penny more than
what's in the bid.

Mark
MN

On Wed, Feb 18, 2009 at 2:07 PM, Rich Wood <richwood at pobox.com> wrote:

>
> It's nothing new. When dealing with large companies most companies expect
> payment well beyond 30 days. The government is so bad that some companies
> won't deal with them. Small companies can't afford to float short-term loans
> to Gargantua International. I'd love to see the payment history of credit
> card companies. If you're an hour late with a payment there's a $39 fee plus
> the risk of an increased interest rate. I'm willing to bet they pay very
> their creditors very leisurely.
>
> Rich
>