It’s Small Business Failure Week
Monday, July 10th, 2006Apparently the local press got together and decided that this would be small business failure week. Crain’s has a big section on it. So does The Business Ledger. The problem they agreed on? Poor cash flow.
Yeah–tell me something I don’t know.
Cash flow is king. I’ve always said it and I still sometimes forget and extend more credit that I probably should. The thing is that extending credit generally isn’t doing my customers a favor. In fact, it can have the exact opposite effect. It can encourage them to bite off more than they can chew.
One of the reasons FastWebUpdates.com charges the way we do–by the hour or eight hours, charged against your prepaid account–is to impose real constraints on the work we’re doing. These limits help everyone focus on what’s really important and encourages everyone to prioritize. This includes everyone here and our customers.
As Cesar would say: rules, boundaries and limitations. It works.
