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