I'm sorry, ND.
I tell you I have this theory. It goes where, you're the one who's not my sister. Cuz mom adopted you from a shoe box full of baby howler monkeys, and never told you cuz it could hurt your delicate baby feelings.
Dawn ,'Selfless'
Buffista Business Talk: I wanted simple, I wanted in-and-out, I wanted easy money.
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Shir - Mar 03, 2019 9:31:20 pm PST #1377 of 1416
"And that's why God Almighty gave us fire insurance and the public defender".
Laura - Mar 04, 2019 2:56:36 am PST #1378 of 1416
Our wings are not tired.
It is a tough one, ND. I've done it a couple times and it is the worst, but it happens in small business a lot.
NoiseDesign - Mar 04, 2019 7:38:11 am PST #1379 of 1416
Our wings are not tired
Yep, it's definitely hat in hand time. It's also when I realize that my list of folks who actually have deep pockets is pretty short.
beekaytee - Mar 04, 2019 10:59:38 am PST #1380 of 1416
Compassionately intolerant
ND, I've had to do this for myself, as a one person shop...frankly, more than once.
Most recently, during the government shutdown, I lost 80% of my client base. EIGHTY. About half of whom won't be coming back for fear of it happening again.
I reached out to one deep-pocketed person who sent me a check for six months of fees. That is only one hour per week, but it sure as hell helped. Some of those hours have been gifted to others because the gifter is that generous. People want to help when they can.
It sucks so hard, but you have assets and history and everything that makes it clear that you are 'good for it.' Everybody who does business of any kind has had these moments. Even big companies.
I am hoping one of your contacts comes through quickly and robustly.
smonster - Mar 04, 2019 12:54:57 pm PST #1381 of 1416
We won’t stop until everyone is gay.
I'm about to ask for money from my parents due to the weather and my mental health that meant I only clocked 30 hrs in Feb. I owe my helper money, but thankfully he got a fair amount from another gig and I think he's okay until I can catch up.
NoiseDesign - Mar 08, 2019 12:04:32 pm PST #1382 of 1416
Our wings are not tired
The hard thing on this end is I'm realizing how few people I know when deep pockets. I have had some very good people commit to helping, but I'm not quite halfway to what I think might help get me through this.
Laura - Mar 08, 2019 12:46:13 pm PST #1383 of 1416
Our wings are not tired.
Banks used to have real lines of credit that could be used for timing issues. No more. Now if you don't have liquid assets and stellar credit all they will give you is a high interest credit card. It is incredibly frustrating.
NoiseDesign - Mar 08, 2019 12:57:54 pm PST #1384 of 1416
Our wings are not tired
I've got a LoC with the bank, unfortunately I used it for expansion last year and then had one of our major projects not turn in as much of a profit as it normally does for a variety of reasons. That's a big part of what has led to Q1 2019 backing me into a corner.
Laura - Mar 10, 2019 12:47:28 pm PDT #1385 of 1416
Our wings are not tired.
I truly wish this were one of my fat times rather than one of the lean times. My LOC with the bank is good for buying equipment, but not so much for cash.
NoiseDesign - Mar 10, 2019 1:55:08 pm PDT #1386 of 1416
Our wings are not tired
Believe me Laura, I completely understand. I also know that Q1 is rough for so many business segments. I have had some personal friends help and I'm about half way to my goal. I'm actually considering a Go Fund Me campaign. I need to figure out a way to frame it so that it doesn't look like the company is completely insolvent but mainly looking to make the leap to the next level.