Short of Fund
July 17, 2009 10:01 am RMI received three calls from the same supplier today. He called me every two hours just because I told him his check is with my boss and I will try my best to ask boss release his payment. It is not I do not want to help him but is our company is short of fund now. I already inform my boss regarding company financial difficulty since beginning of the year. Nevertheless, boss was too busy for her new business; she has not brought out a solution until today.
I am trying my best to call debtor everyday; I hope they could make payment on time so that we have cash rolling in. Too bad most debtors just like to delay the payment. It is not they do not have money to pay; they just want to delay our payment to roll in business.
I think boss might need to consider hiring debt collection agent to help us collect payment. We have to get more cash to roll now! I am worry suppliers will stop supply materials to us if we do not make payment in these two months. How could we bring in more sales if there is no production?

Vasocharge :
Date: August 15, 2009 @ 11:44 am
It happens in every business at some point or another but I guess it doesnt help in todays bad economy, I hope things work out for you.