In this episode Kevin recalls something his father recently reminded him of. He talked with Kevin about the very first home he rented with Kevin’s mom when they were newlyweds. It was his grandmother’s house and it cost him $50 a month. Even though he was renting from Grandma she was a force to be reckoned with. It didn’t matter if you were family, rent was due in full and on time.
One thing grandma told Kevin’s dad back then was, “If you can’t pay one month, you can’t pay two”. Meaning if he couldn’t pay rent on time that month what made him think he would be able to pay double the following month? It was a lesson that Kevin’s dad learned early on and passed on to Kevin when he was young.
In business, when clients have a hard time paying their invoices for one, two, and three months, it is likely those problems will continue and they will compound. It’s usually a good idea to recognize when that happens to work something out with the client before it becomes a bigger problem.
Erik J. Olson is an award-winning digital marketer & entrepreneur. The Founder & CEO of Array Digital, he is also the host of the Journey to $100 Million Flash Briefing and daily podcast, and the organizer of the Marketers Anonymous monthly meetups.
Kevin Daisey is an award-winning digital marketer & entrepreneur. He started his first company when he was just 23, and is the Founder & CMO of Array Digital. Kevin is the also the co-host of the Journey to $100 Million Flash Briefing and daily podcast, and the co-organizer of the Marketers Anonymous monthly meetups.