Hot answers tagged cash-flow
8
First, you need a formal written payment policy. Without that policy you have no legal options to enforce payment.
I can not figure out what the problem is with options 1) or 2) above. Acepting credit cards will cost you a minor amount of each transaction, but increase your cash flow and remove the entire process of chasing your customer down for payment. ...
6
The most important thing you can do is communicate your situation to them. Give them a heads up if you will have issues paying them. Don't wait till the last minute or hide from their phone calls. Most vendors will work with you to resolve any issues as long as you are open and honest with them.
You do have to be sincere in your desire to pay them ...
4
You've gotten some great advice here. Gary's advice is right on target. As a business law attorney, I would only add the following suggestion:
Once your policy is in writing and has been communicated to the customer in your click wrap agreement, or however you communicate it, prior to automatically shutting off service, have a pop up advise them in advance ...
3
I'm assuming "rebate" is a discount that's applied at the time of purchase. If that's the case, you don't need to account for it separately. In your books you would just indicate that the sale was for whatever the customer paid. The "rebate" or discount would be invisible. Creating an account for the discount is going to unnecessarily complicate things.
2
At my company, we provide a low-tech non-medical in-home caregiving service for Seniors.
We require a deposit in advance of service that is equal to one week's fees. We hold that deposit until service ends and then we apply it back to the account as a refundable credit.
We require that deposit even if the client is going to pay by credit card.
...
2
$600-$8000 is the amount that can go on credit cards. $18-$240 should be a no-brain. If the monthly fee is large enough, have them pay for the first month to three months via credit card and then move them to the pre-pay via check. Bill them 30-days prior and turn them off 5 days after their overdue.
Quarterly, 6-month, 1-year, and longer terms should have ...
2
I think all of this is contingent on your ability to convince a technical partner that you can acutally market this app/make some money. Then you can get and idea from potential candidates of how much salary they require. More salary is less risk for them, so give them a lower percentage if any.
You'll also have to determine where your tech partner lacks in ...
1
Profit is the margin that is left after costs. Costs include replacing the stock. If stock costs $5 and you sell it for $6 you should have $1 of profits. If the cost of selling that is an additional $1 then you have no profit.
Maybe what you are doing is buying more stock than before which is investing but otherwise it sounds to me like you need to lower ...
1
In summation:
website with subscription model that tries to explain what this monster is
api that accepts whatever "Text" is being described
middleware that aggregates / repurposes text with admin oversight
native IOS and Android apps for subscriber consumption of said "text"
Too many variables to even consider here.
A webserver can be:
shared ...
1
There isn't a general rule. Your company is unique. Your unique value proposition to your customers will be priced in a way the reflects the value you add to them. As such your per unit sales -- and life time customer value will be unique. The market you are in will provide benchmarks for you.
That being said -- you need numbers in your spreads of your ...
1
In most countries, you are only taxed on profits.
Year one, profit 200,000. Tax 20% - pay 40,000 to Govt, keep 160,000
Year two, profit 350,000. Tax 20% - pay 70,000 to govt, keep 280,000 and all 160,000 from previous year.
Some countries also have a wealth tax for individuals. e.g. 2% over 500,000 that does tax savings rather than new income. I am ...
1
You can get an attorney to help with the agreements so the feedback loop is faster with penalties and payment terms. I'd suggest connecting with another agency that is out of your geographic area and asking how they handle. This site might be to generic for your best contract terms and pricing to get the results you need but there are ways to improve those ...
1
30%? Vesting schedule? I think you guys are overvaluing the value of coming up with the idea. Ideas are a dime a dozen. Execution is everything. Coming up with an idea is worth no more than 5%.
Assuming that you're not bringing in any guaranteed customers, or a boatload of existing traffic to drive to the site; then you are coming in with some money, an ...
1
Another perspective on the usage of credit cards. Don't forget that aside from the benefits listed above, it does make things easier for the customer as well. In my old company, the owner could slap down his CC for purchases and pay instantly. If it required check or bank transfer, it had to go through Accounts Payable department first making it more ...
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