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Author Topic: I Just Put CN RAIL on COD....  (Read 1567 times)

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Offline CCCLLC

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Re: I Just Put CN RAIL on COD....
« Reply #20 on: December 02, 2018, 07:52:15 AM »
Recently cut for a private individual, his personal logs on his property in Lexington, NC. 120 miles from home. After cutting for three days and finished cutting 3 hours sooner than predicted even with him adding 2 more logs to the pile, I handed him the pre approved amount bill. First words from him was he needed my workman's comp. ins. paper work. Suddenly I was a " sub contractor" for his Bob Correll Electric Co. Told him I was a sole proprietor LLC , in NC with no employee, not required , just G.L. He stiffed me 15 percent and smiled the entire time. Not again with him.

Offline ellmoe

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Re: I Just Put CN RAIL on COD....
« Reply #21 on: December 02, 2018, 08:07:26 AM »
   Or just cut ties with them, I had to do that with a place I sold 75% of my lumber to awhile back
That's why I don't get more than 20% of my business with any one customer. The impact of losing a majority of your business in one moment can end your company.

Thirty plus years in the sawmill/millwork business. A sore back and arthritic fingers to prove it!

Offline DMcCoy

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Re: I Just Put CN RAIL on COD....
« Reply #22 on: December 02, 2018, 09:36:09 AM »
To any wanna be business owners reading this thread, the one thing not mentioned is having enough cash in the bank, I cannot stress enough how important this is.  Money pressures can distort sound business decision making.  
 
Bad customers' financial problems can quickly become your financial problems if you are not careful.
A good customer who hits a rough patch will call you, I've had that happen as well. 

Paying late is taught as savvy business, an interest free loan.  I look at it very differently.  Customers paying late is poor form, it causes hard feelings and is likely to morph into poor service, poor quality, or an end of the business relationship. Even though this is obvious to most people it still happens.  All of my customers pay in a timely manner.  Those who don't or won't because they think they are being clever- I want them to be my competitors problem. 

 

Offline Bruno of NH

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Re: I Just Put CN RAIL on COD....
« Reply #23 on: December 02, 2018, 10:55:53 AM »
I used to do work for a certain Ivy league college in my area.
Finally got sick of the hurry up and wait for my money.
Not worth it for me.
I'm not a bank.
thomas 8013 mill ,Mahindra 3540 cab tractor loader  Dump trailer  and lot of contracting tools

Offline sawguy21

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Re: I Just Put CN RAIL on COD....
« Reply #24 on: December 02, 2018, 11:48:21 AM »
My employer, a large player in the industry who shall remain nameless, wouldn't even look at an invoice within 45 days or pay within 60. I was dealing with local suppliers and was frequently refused delivery. I talked to AP and was told we are the largest XXX company in the world, if they want our business they deal on our terms. Talk about arrogance!!! I replied no, if we want their goods and services we work with them. Things changed when one large job got delayed because I couldn't supply the required equipment. There were calls for my head but nothing I could do about it.
old age and treachery will always overcome youth and enthusiasm

Offline Dave Shepard

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Re: I Just Put CN RAIL on COD....
« Reply #25 on: December 02, 2018, 12:01:54 PM »
A recent discussion on another site talked about General Motors paying net 180. I offer two options. You can pay when you pick up. Or you can pay in advance. 
Wood-Mizer LT40HDD51-WR Wireless, Kubota L48, Honda Rincon 650, TJ208 G-S, and a 60"Logrite!

Offline Bandmill Bandit

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Re: I Just Put CN RAIL on COD....
« Reply #26 on: December 02, 2018, 12:40:27 PM »
I quote my rate 30 Percent higher at $130 per hour and still require an $800 deposit to move in for those large clients that have that stupid net 60 - 120 day policy around here and there are lots of oil field companies that like to do that. They whine alot but I dont even flinch. I just tell them that if they can find some one else to do the job to go for it. I don't need that kind of work or headache.  
If you ain't livin on the edge you are takin up way to much room. Of course at my age if I get too close to that edge any more theres a good chance I may fall off.
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Offline thecfarm

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Re: I Just Put CN RAIL on COD....
« Reply #27 on: December 02, 2018, 04:33:41 PM »
The wonder check. Wonder if you will get a check.
Model 6020-20hp Manual Thomas bandsaw,TC40A 4wd 40 hp New Holland tractor, 450 Norse Winch, Heatmor 400 OWB,YCC 1978-79

Offline Percy

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Re: I Just Put CN RAIL on COD....
« Reply #28 on: December 02, 2018, 05:01:04 PM »
WOW!!! Guess Im not alone on this ........ :o :o :o
GOLDEN RULE : The guy with the gold, makes the rules.

Offline Percy

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Re: I Just Put CN RAIL on COD....
« Reply #29 on: December 03, 2018, 07:47:16 AM »
Recently cut for a private individual, his personal logs on his property in Lexington, NC. 120 miles from home. After cutting for three days and finished cutting 3 hours sooner than predicted even with him adding 2 more logs to the pile, I handed him the pre approved amount bill. First words from him was he needed my workman's comp. ins. paper work. Suddenly I was a " sub contractor" for his Bob Correll Electric Co. Told him I was a sole proprietor LLC , in NC with no employee, not required , just G.L. He stiffed me 15 percent and smiled the entire time. Not again with him.
You can bet dollars to doughnuts that he is claiming your services as a tax exemption on his business. But the lumber is personal....Let IRS know...and let him know you are letting IRS know.... :D
GOLDEN RULE : The guy with the gold, makes the rules.

Offline DMcCoy

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Re: I Just Put CN RAIL on COD....
« Reply #30 on: December 03, 2018, 09:05:38 AM »
Percy, great observation.  Oh boy, he will be very sorry.... :D :D :D

Offline WV Sawmiller

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Re: I Just Put CN RAIL on COD....
« Reply #31 on: December 03, 2018, 09:30:56 AM »
   You might even collect a whistleblower fee from the IRS to help make up for the amount he shorted you. Good luck.

   I'd probably have gotten my fee in satisfaction otherwise but this is likely a much better option.
Howard Green
WM LT35HDG25(2015) , 2009 4wd Dodge PU, Kawasaki 650 ATV, Sthil 440 & 441, homemade logging arch (w/custom built rear log dolly), JD 750 w/4' wide Bushhog brand FEL

Dad always said "You can shear a sheep a bunch of times but you can only skin him once"

Offline Bandmill Bandit

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Re: I Just Put CN RAIL on COD....
« Reply #32 on: December 03, 2018, 10:40:22 AM »
CCCLLC
I had a guy try that on me 3 summers ago only he had brought 2 days worth of logs to my place.
I closed the gates and locked em with his truck and trailer in side the yard. He was some PO ED!

I said Ill take you to the bank and you will get me cash. He said he couldn't do that. I said then you better call some body to come get you cause that truck isn't moving till I am paid. He went to the truck and pulled out a small satchel and paid me on the spot. Still tried to get me to discount the job 15 %. I just laughed.

I put the money in my pocket and as I was doing that I told him that if I ever felt the need to saw for him again I would call him. That was almost 4 years ago.  
If you ain't livin on the edge you are takin up way to much room. Of course at my age if I get too close to that edge any more theres a good chance I may fall off.
2001 Dodge 1500 4x4. 2018 F150
2007 Woodmizer LT40HDG28 almost Super
2 Logrite 36 inch cant hooks and a bunch of stuff I built myself

Offline Raider Bill

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Re: I Just Put CN RAIL on COD....
« Reply #33 on: December 03, 2018, 11:29:00 AM »
Insurance companies are 90% of my business. Some pay within a week of receiving my invoice some not so much.
I've been stiffed only a couple times with AIG owing me well over $60K and filing bankruptcy when the economy went bust. Wanna talk about putting a hurt on someone.... Prior to that we got steady checks from them then bam! nothing.

When I first started out it was hard until I built up a reserve to pay my guys on time but we got through it.

Now I only do work for those Companies that have a good track record in paying.
Private work is paid before we start.
The First 60 years of childhood is always the hardest.

Offline thinwater

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Re: I Just Put CN RAIL on COD....
« Reply #34 on: December 03, 2018, 09:59:39 PM »
I was in the OEM firearms parts manfacturing business for many years. I made parts for the biggest names in the world as well as mom and pop shops. 99% of the time they abused the net 30 or what ever the deal was. I had to put many on COD and fired a more than a few for  getting to far behind and playing games with my money. 

I guess it is the same in any industry. 


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