Remember this:
"Clients don’t really understand what it is you do." – soulhuntre
03.24.2002
It’s sad but true. In this case, Client Y is having budget problems… the
project they wanted is much larger in scope than they thought it was. As I
understand it now they needed to go get more money, the person with the money
made insisted the bring in lawyers with experience with "this sort of thing" and
those lawyers are making my life hell.
Now, don’t get me wrong; I think they should have legal advice, they will
need it because their future depends on their ability to protect their
intellectual property. I just think it is pretty annoying that suddenly they
want to re-negotiate the whole deal into a milestone based agreement. That means
that we are currently out of pocket about $9,000 in invoices that haven’t been
paid and we are currently ‘on hold’ so we aren’t billing hours. And Client X
still owes me $1,200.
Can you say fear and panic? Anyone want to know how I’ll be paying my rent
next week? Me too. I’d love to see what I have in mind.
Other than the impending doom it’s all good. Plans for the mid term are
running fine and I predict in 3 months or so I can make this company independent
from large clients like Client Y. The only problem is how to get through the
next week, then the next month.
We are looking for a bridge loan. We billed more than $100,000 last year and
the contract with Client Y is worth $90,000 more thsi year. We have other
revenue opportunities as well. I expect this to be a $150,000 year if we
survive.
If anyone out there works for a bank, knows someone who does or knows a
private lender or investment source please
contact me. We are willing to talk about stock or a loan, we can repay in
the next 7-9 months. We need just about $24,000 but $30,000 would be better.
*sigh* there is more going on but this is all I can think of. Dammit, we did
everything right …
On a positive note: I did a render or two… check ’em out:
Click here to see all the works of soulhuntre