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Post by okie on Dec 15, 2018 16:39:51 GMT -6
The nature of my business is much more spikey than I anticipated. I have lots of work right now (which makes this eBay selling a pain in the %^$).
Work I do today may take 90 days to get paid. My pipeline dried up back in July - September which is killing me now. I have revenue that should hit any day, but I can’t count on that.
I did $30K last January. I thought this is what I am now. I bought a BMW and things were fine until late summer.
I’ll get a handle on it.
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Post by Mahatma__Ganhdi on Dec 15, 2018 17:23:09 GMT -6
"My pipeline dried up back in July - September which is killing me now."
Bran flakes and suppositories could help.
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Post by Mahatma__Ganhdi on Dec 15, 2018 17:35:33 GMT -6
I think you should take on partners for a token investment. The firm of Lefty, Berti, and X.
You would have to give us rides in the Beamer on weekends and you'd have to spring for a booster seat for Lefty. We would handle all the financials. Between the three of us we know over 183 numbers.
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Post by okie on Dec 15, 2018 17:54:31 GMT -6
Accounting is stupid.
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Post by daneaux on Dec 17, 2018 11:01:13 GMT -6
You need a line of credit.
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Post by okie on Dec 19, 2018 5:04:39 GMT -6
You need a line of credit. I’d rather not. It’s like having a second wife. I use my books as a cushion so I don’t pay tax on carrying cash over. I know enough about these books that I operate using them as liquid assets. I can turn them fast and get my money back if I have to like I am now. I have sold about $20K in books over the past two months, I have made about $1200.00 above what I paid total and that is selling them fast. I have a good pipeline now and money in the bank. I will invest in more books as I can. I do not use my personal income to buy books. I still have my best stuff. I still have my complete First Edition Pulitzer Collection and firsts of Shakespeare & Co. Ulysses as well as true firsts of Portrait and Dubliners. Now that I realize I am not making $250K. I will settle into my means. I had momentary monitary insanity. |
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Post by Mahatma__Ganhdi on Dec 19, 2018 9:25:12 GMT -6
"I have a good pipeline now"
You're welcome.
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Post by daneaux on Dec 19, 2018 10:57:39 GMT -6
"I’d rather not. It’s like having a second wife."
Exactly. If handled with care and discretion, it can be a great experience.
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Post by okie on Dec 20, 2018 1:43:47 GMT -6
The hell you talking about? I cannot imagine that coming out good.
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Post by daneaux on Dec 20, 2018 11:30:11 GMT -6
Do you doubt that having a second wife would be a great experience?
I didn't say it would end well.
But a line of credit has really helped me maintain cashflow as my business has grown. But I manage it carefully, like I would a second wife.
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Post by okie on Dec 20, 2018 19:08:34 GMT -6
Do you doubt that having a second wife would be a great experience? I didn't say it would end well. But a line of credit has really helped me maintain cashflow as my business has grown. But I manage it carefully, like I would a second wife. I am terrible with money, as you can tell. My answer to every problem is simply make more money. |
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Post by okie on Jan 3, 2019 0:25:01 GMT -6
I just want to do my thing. I can do some marketing, but IT and Accointing/taxes are going to kill me if I don’t get my $%^ together.
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Post by okie on Jan 3, 2019 0:32:52 GMT -6
I have some work right now but it’s not going to be enough. I need more. I should have two new jobs next week, but they are small. I have work right now, but I need $%^ 3 months from now.
I will not sell my Pulitzer Collection unless it is a last resort. The Faulkners are gone. Most of the Joyce are gone, the McCarthys are gone. Ferber, Salinger, Keesey, Orwell, DFW, Bellow, Updike, and Roth are gone.
Anybody was a 2016 BMW 328 msport? It will give you a hardon, I guarantee.
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Post by daneaux on Jan 3, 2019 11:51:39 GMT -6
We just got a major new client and we are at a point where the company doesn't need any more money so I'll have to either pay it to us or pay taxes on the profits. There are a few other ways that we can pass money on to us without incurring taxes but most of them are already in place.
Our work is about 80% recurring on a monthly basis with annual blanket purchase orders so that I can bill monthly and return every month. Some of my contracts are 30 years old and steadily growing or on-going. Both of my sons work in the business and have secure jobs for the long-term.
It's been a long time coming.
Plus today is "Make America Great Again" day. Hooray for the 116th Congress!
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Post by daneaux on Jan 3, 2019 13:54:26 GMT -6
I'm between books these days but I've got to get he second volume of Manchester's Churchill bio because the first one ended in 1932 with Lady Astor commenting to Stalin when he enquired about Churchill that "he's finished".
I gotta see if she was right.
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