CASHFLOW: the jobbing contractor’s curse...
Victoria Delafaille, a Director of Exchequer Accountancy which specialises in SME accounts, offers a few words of advice about preventing poor payers from ruining your day...or worse.
We owe one of the most telling descriptions of running a business to the advertising guru, Charles Saatchi.
“Running any business,” he argued, “is like holding a colander under a running tap.”
“The water pouring into the colander is like the income stream from sales. The water running out through the numerous holes is your expenditure. The value in your business is merely the constantly changing pool of water that’s temporarily accumulating in the bottom of the colander.”