Archived posting to the Leica Users Group, 1998/12/23
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Donal Philby wrote: >I once had an ad agency in NY tell me that if I couldn't fund a $40,000 job >and wait 3 to 5 months to be paid I obviously wasn't big time enough for them >to work with. Hi donal, This is what I mean about some of these agencies and their accounting habits. It doesn't matter whether you're economically big enough to wait the the 3 to 5 months to get paid, why the hell should you? If they would pay interest to you on what is invoiced for, I guess that's OK, at least in a sick sort of way you are making money off them. But what I've found with some companies is that they want you to "carry them" but they don't want to pay interest for riding on your back, regardless how much or little your interest maybe on accounts after 30 days. So basically they want you as "free ride money" to operate their business. As far as I'm concerned to hell with that! If I'm into my line of credit at the bank they can't wait to send their monthly statement to me demanding their "interest". So what's good for the bank is good for me and charging clients... So I don't work for the SOB's who expect a free ride on my back to carry their multi million dollar organization. I just tell anybody who gets on with that kind of "On my back" financing to get stuffed! >I simply require a down payment now from anyone for much of anything over >$500. I find that when people have money out of pocket on a job, they change >their attitudes--being more cooperative, more receptive, more appreciative. Well an advance makes a hell of a difference to some of them. However I've had some of them figure because they gave you an advance they can wiat longer to pay you. When that happens I give the account to either my lawyer or a collection agency. And it doesn't matter if it's the Prime Minister's office or the Bank of Canada. I realize this topic is way off base about Leica. However, I think some of the LUGNUTS who have been or are contemplating going "professional" can use this kind of information, as it will save them selling their Leica's to buy food and pay the rent. :) ted Ted Grant This is Our Work. The Legacy of Sir William Osler. http://www.islandnet.com/~tedgrant