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I've seen some small businesses go under because they haven't been paid on time. They borrow capital to pay their employees until their customer gets around to
by jen123 15y ago
I've seen some small businesses go under because they haven't been paid on time. They borrow capital to pay their employees until their customer gets around to paying them...This especially occurs if the customer is big and the business that is servicing them is small.
- jroseattle 15y agoDitto. Saw this happen with a small local company that was given prime placement in WalMart -- and had to up their production by about 10000%. It wiped them out.
- rhizome 15y agoGoogle "monopsony."