C
Concrete guy
Re: Legal Court Case action in SCOTLAND - What you might not know abou
Having previously been caught in the same way Richard has (but for a lot more money). I had credit insurance, had also credit checked the firm and got the all clear from my bank. Yet I still got shafted.
I decided to set this business up differently, much in the way Sean suggests Easyjet work.
You pay - we deliver, we price accordingly. We operate no credit lines whatsoever, we pay for all our stock in full. No banks, no overdrafts, no credit accounts. We don't have to build cost of credit or defaults into the price of our goods.
Of course we have a few regular customers I've known personally for years to whom we'll deliver and they pay, but I trust them implicitly and the levels concerned are such that it wouldn't effect the business if it was late or defaulted.
There are two ways to look at this.
We restrict the size of our business operating in this manner. Retailers often cannot bankroll products, they exist on credit lines.
The upside however is we will never be compromised by bad debt.
The business world has changed, credit accounts should no longer be accepted as the norm, they are something that has to be earned.
Having previously been caught in the same way Richard has (but for a lot more money). I had credit insurance, had also credit checked the firm and got the all clear from my bank. Yet I still got shafted.
I decided to set this business up differently, much in the way Sean suggests Easyjet work.
You pay - we deliver, we price accordingly. We operate no credit lines whatsoever, we pay for all our stock in full. No banks, no overdrafts, no credit accounts. We don't have to build cost of credit or defaults into the price of our goods.
Of course we have a few regular customers I've known personally for years to whom we'll deliver and they pay, but I trust them implicitly and the levels concerned are such that it wouldn't effect the business if it was late or defaulted.
There are two ways to look at this.
We restrict the size of our business operating in this manner. Retailers often cannot bankroll products, they exist on credit lines.
The upside however is we will never be compromised by bad debt.
The business world has changed, credit accounts should no longer be accepted as the norm, they are something that has to be earned.
