Friday, December 12, 2008

Don't Cry for Me, Insolvent Client

I've decided not to celebrate new clients, from here on, until I have vetted them a bit better than simply looking at the Statement of Financial Position they provide..."it's a few months old, but we don't have anything more recent." The reason: twice, now, the brand new client has been utterly insolvent...can't even pay us, much less its hotel bill for its recent conference. The last one to come in that way was shown the door three years later...but by that time we'd gotten them back on their feet and they were on solid footing, financially.

But now...I'm not sure I have the stomach for it again. Our two new clients may quickly become just one new client.


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