Ugh my business is going through a rough cash-flow period and I will be spending the next few days rectifying it, mega-fun weekend ahead, NOT. If an error or mistake occurs once it's a coincidence, if it occurs twice, it's a trend. I'm dealing with a new site which is causing my cash flow to continually creep into a deficit.
I sell something on their site. It then takes 14-30 days for the funds to reach my bank account. In that time I have to post the item (at my own cost until funds clear.) Now that's not too terrible a system. But imagine if I am selling 50 goods A WEEK all which have to be posted at my cost of an average £2 per item. That's £100 I have to fork out WEEKLY for ONE site. And I don't get that money back for 20+ days! So in a 21 day period I pay out approx £300 and don't receive any money INTO my account. Hence cash flow crisis.
There's also that wonderful piece of information that keeps bumping into my head that says 'most new businesses fail in their first year due to cash flow issues,' so I'm really having to tighten the reins and change my current thinking pattern (re-purchase what I've sold so I can sell it again as a priority when keeping a working cash credit is actually more important.)
It's REALLY hurting my business. Apparently the payment restrictions clear after a few months but for now I'm spending most of my days ripping my hair out frustrated that I can't touch my own hard-earned money.
And I really need to change my own habits (as highlighted before) so I'm actually going to enlist D as an outsider to help me (since he does this sort of thing at work.)
Now for some reason I can listen to people giving me help and advice but when it comes to D it just pisses me off and makes me go crazy. So I'm really going to have to try remember I am asking for his help and therefore should not lose my temper or go crazy at him. We'll see.