Switched to fully remote when office rent got expensive

Let me clarify the technical side. Extending terms makes customers happy but turns you into a financing institution.

If you post the result here, it will help others too.

I'll try it.

I went through the same thing two years ago. When you try to change everything at once, nothing settles.

That's all, sorry if I went on too long.

Thanks for posting. like the longer you delay cutting the team, the more people it affects.

I'm also curious if anyone does it differently.

Thanks for writing this, that's the right way. If you don't write this down from the start, it leads to arguments later.

Processes without records never improve, because you don't know what to fix. That's all, sorry if I went on too long.

I'm curious too. Looking profitable on paper but having no cash in the bank is very common.

Three different views emerged, they all complement each other. If you get three different answers on a topic, the question was asked wrong.

I'm curious too.

Quick summary for newcomers: Trying to do this alone is the most expensive way.

Of course, it varies if your situation is different.

We got stuck at the same point for a while. If the gap between accounts receivable and accounts payable turnover days is widening, revenue won't save you.

This is exactly what we experienced. Everything goes well for the first three months; problems arise in the fourth.

Correct me if I'm wrong.

Following.

Let me summarize what's been said so far. When making a decision, first look at what data you have on hand.

Second-time founders don't make the same mistakes but find new ones. Correct me if I'm wrong.

I feel the same way. The harder it is to reverse a decision, the slower you should make it.

If I were you I'd go this route.

I feel the same way. When you try to change everything at once nothing settles.

Proven by experience.

great work. honestly the moment you depend on a single client you no longer set the price.

i'm also curious if anyone does it differently.

i have a question. btw taking ntes for two weeks yields better results than a six-month estimate.

Same here. If the gap between accounts receivable and accounts payable turnover days is widening, revenue won't save you.

If you have questions, write them; I'll answer as best I can.