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Yeah, I didn't say they set out to screw them, just that it does happen. I had a corporate job. People have trouble seeing big companies as having the same cas
by DoreenMichele 3y ago
Yeah, I didn't say they set out to screw them, just that it does happen.
I had a corporate job. People have trouble seeing big companies as having the same cash flow issues etc they have. They imagine they are sitting on a fortune, not that a lot of those assets are needed to just run the company.
I remember reading one story about a small company waiting to get paid by BigCo and BigCo ran into issues and then tried to stiff them on payments by saying something like "This is for the latest thing we ordered and we no longer owe you those old payments cuz (legal loophole)" and the small company updated its language to counter such claims and insist "Payment is for the oldest thing we did for you...etc"
They probably weren't trying to kill the small company. They were just trying to survive their own financial downturn.
It's why I used to think "I should collect such stories when I see them." Small businesses tend to be "The new kid" who learns this the hard way and may not survive the lesson. I would like this issue to get more publicity so small businesses get better at managing such things realistically.