We are being affected by our poor economy

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BUSINESS 4NETWORKING [We are being affected by our poor economy]
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James Minion Symmetry Marketing Ltd Posts: 862 View Profile MY LINKS www.noredbraces.co. www.symmetry-market www.liverpoolfc.tv LEAVE A TESTIMONIAL READ TESTIMONIALS (9)	Posted on 27th Nov 2008 at 12:40 I had previously stated that economic conditions should not affect us due to our relatively low overheads. I take this back. Another client of ours has gone into administration meaning we lose not only what they owe us but also their repeat custom every month. My client has problems because exactly the same has happened to them somewhere in their client base (obviously were owed a lot of money from someone who has gone pop). So it seems that whilst we are doing well we need to be mindful of these types of situations more and more. I think I am going to alter my payment terms further and be more rigorous in credit checking etc. On a positive note we have some more spare capacity. Look out for a telemarketing classified soon! James Minion Symmetry Business Marketing Ltd 0845 094 3266 0789 099 6881 james@symmetry-marketing.co.uk www.symmetry-marketing.co.uk Direct marketing solutions Start your free 60-day email marketing trial today CLICK HERE DIGITAL PRINT -

Lisa Blackler Shoes Galore Letchworth Posts: 397 View Profile MY LINKS Shoetastic I'm bored! LEAVE A TESTIMONIAL READ TESTIMONIALS (0)	Posted on 27th Nov 2008 at 12:43 James, that must be a blow. As you say, it isn't just the money they owe you, it is the monthly income that hurts most. Hopefully you will pick up business to replace it (and more) as people realise that they need to market smarter and harder to conquer the currnet situation. Shoes Galore Letchworth 01462 481757 sgletchworth@ntlworld.com www.shoes-galore.co.uk

Liam Twose The Web Inspector Posts: 643 View Profile MY LINKS Party Planning Used Video Games Ecommerce Websites Web Content Manager LEAVE A TESTIMONIAL READ TESTIMONIALS (1)	Posted on 27th Nov 2008 at 12:43 Sorry to hear that James. What are you charging upfront? " Passionate about helping websites make more profit " Ecommerce Consultant - www.thewebinspector.co.uk Ecommerce Consultant, Google Analytics Training, Web Analytics Training

James Minion Symmetry Marketing Ltd Posts: 862 View Profile MY LINKS www.noredbraces.co. www.symmetry-market www.liverpoolfc.tv LEAVE A TESTIMONIAL READ TESTIMONIALS (9)	Posted on 27th Nov 2008 at 12:45 50% Liam. James Minion Symmetry Business Marketing Ltd 0845 094 3266 0789 099 6881 james@symmetry-marketing.co.uk www.symmetry-marketing.co.uk Direct marketing solutions Start your free 60-day email marketing trial today CLICK HERE DIGITAL PRINT -

Christopher Slay Skills Provision Limited Posts: 414 View Profile MY LINKS Skills Prov Acorn Polish Work Polish Jobs LEAVE A TESTIMONIAL READ TESTIMONIALS (3)	Posted on 27th Nov 2008 at 13:01 James, the following piece of advice applies to all businesses not just yours or those on 4N. When considering a new piece of business in any economic environment do you ask yourself the following questions Why are they coming to me? Who did they use previously? Why are they making the change? These often deliver clues if you have your eyes and ears open. It won't eliminate bad debt but it should reduce the likelihood. I'm afraid you need to make sure you back door is firmly shut and always be prepared to say no. I appreciate with a new business this is hard but slower controlled growth is better than helterskelter management. Remember 20% of something is a damn site better than 100% of nothing. Chris Slay, Director \| Specialist Provider of Polish Jobs \| 07977 131 389 \| enquiries@skillsprovision.co.uk Skills Provision Ltd is registered under the Gangmaster Act 2004

James Minion Symmetry Marketing Ltd Posts: 862 View Profile MY LINKS www.noredbraces.co. www.symmetry-market www.liverpoolfc.tv LEAVE A TESTIMONIAL READ TESTIMONIALS (9)	Posted on 27th Nov 2008 at 13:06 Quote: James, the following piece of advice applies to all businesses not just yours or those on 4N. When considering a new piece of business in any economic environment do you ask yourself the following questions Why are they coming to me? Who did they use previously? Why are they making the change? These often deliver clues if you have your eyes and ears open. It won't eliminate bad debt but it should reduce the likelihood. I'm afraid you need to make sure you back door is firmly shut and always be prepared to say no. I appreciate with a new business this is hard but slower controlled growth is better than helterskelter management. Remember 20% of something is a damn site better than 100% of nothing. Cheers Chris, you are absolute right as ever, It is tempting to take everything on regardless and it can lead to problems. In this case case however my client appeared to be on solid foundations. They supply high value kit with lower margins so when they had a bad debt it was obviously huge enough to cease trading. Definatly a case to be very vigilent in all circumstances. James Minion Symmetry Business Marketing Ltd 0845 094 3266 0789 099 6881 james@symmetry-marketing.co.uk www.symmetry-marketing.co.uk Direct marketing solutions Start your free 60-day email marketing trial today CLICK HERE DIGITAL PRINT -

Steve Lundy Home Farm Hotel Posts: 1603 View Profile LEAVE A TESTIMONIAL READ TESTIMONIALS (7)	Posted on 27th Nov 2008 at 13:20 Fortunately, as a hotel, we don't extend a lot of credit as it is usually limited to just one or two days of food & accommodation secured by a credit card. However, if we get a long-stay guest or a block booking, it is always on some form of up-front payment terms. The trouble is that customers all look lovely when they walk in the door. Some of them (fortunately blessedly few) may not be as nice as they look! January 4N Member Offers: "DB&B for the price of B&B" or "Dinner for 2 with Free Wine" Click here for details A Hotel for Business or Pleasure (but better for BOTH!) 01404 831278 www.thatchedhotel.co.uk

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BUSINESS 4NETWORKING [We are being affected by our poor economy]