Join  |  Login  |   Cart    

Notary Rotary
Just PoliticsLeisure
Welcome to the Notary Talk General Discussion Forum. Before posting, please read the


Lesson to be learned by all...
Posted by  MelissaCT of CT on 5/4/07 4:59pm Msg #188852
When establishing business with a new client, whether you're a seasoned pro or a newbie, you should always determine a credit limit for each account. Basically, what are you willing to potentially write off as bad debt? For some, it is $100, for others it may be $500, but it SHOULD NEVER be $1600!!! Especially with a company that is notorious for non-payment. Ok, that's neither here nor there at this point, but this situation underscores the need to sit down and create a BUSINESS PLAN. You are a business & need to operate like one, even if you do your paperwork at the kitchen table in your PJs.

There are too many coming into this work with the wrong attitude and not realizing that you can (and probably will) LOSE $$$$ at this venture until you get your head clear & detail what the expenses are and where your price needs to be to cover those expenses, including the potential bad debt that is inherent in almost any business.
PrevNextReturn to General Discussion    Post a Public Reply to this MessageSend Author a Private Message


Messages in this Thread
 Sign on the X signing services - Lowana Richardson on 5/3/07 5:16pm
 Re: Sign on the X signing services - Amalia Contreras on 5/3/07 5:18pm
 Re: Sign on the X signing services - Carla_MD on 5/3/07 5:19pm
 Re: Sign on the X signing services - carlos/nyc on 5/3/07 5:20pm
 You're on your way to being hosed. - PL on 5/3/07 5:24pm
 Re: Sign on the X signing services - jba/fl on 5/3/07 5:50pm
 Re: Sign on the X signing services - JM_NY on 5/3/07 8:27pm
 Re: Sign on the X signing services - goodgirl on 5/3/07 10:36pm
 Re: Sign on the X signing services - Michelle Montemorra on 5/4/07 6:51am
 Re: Two different signing agents - Sister on 5/4/07 1:53pm
 Lesson to be learned by all... -  MelissaCT on 5/4/07 4:59pm



 
Find a Notary   Notary Supplies   Terms   Privacy Statement   Help/FAQ   About   Contact Us   Archive  
 
Notary Rotary™ is a trademark of Notary Rotary. Copyright © 2002-2025, Notary Rotary, Inc.  All rights reserved.
500 New York Ave, Des Moines, IA 50313.