I wrote previously about the cash flow issues my business was facing. And this resulted in me having to delay the salary payments for my staff by 2 WEEKS in the short history of my company. And it was funny in a way that it happened at the same time my first employee was completing his first year with the company.
But August was a turn around compared to the previous months in the sense, I didn’t get stuck in paying the salaries. Having the previous salary delaying by two weeks only left me two weeks to get the cash flow going to meet August salaries. And it is such a relief to be able to pay my guys on time.
Also, we have managed to land some more deals, ending the drought we were facing. Up until two weeks ago, I had at least one guy idling, because there simply wasn’t enough work to for everyone. And this was the time which made me seriously question my decision of hiring full time employees. Had I hired people on freelance basis it would have lessened the pressure on me to find work above all the pressure of the obligation of paying the salary!
But now, I have people swamped with work. I knew there were some projects that were waiting to start, but somehow they kept getting delayed. And this week, three of them started. So now we’re swamped. I’m back to 12-14 hour work days! And hopefully, pretty soon these hours will turn to $$$ and we would have enough money on the bank without having to exist hand to mouth.
Oh, and we did launch our online product. But we’ve got no users so far. It’s free, but still we’ve got no one signing in. Its time that I brush up my SEO and marketing skills.
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