One client became 50% of my revenue, I started getting scared

I think differently. If you don't write this down from the start, it leads to arguments later.

Looking profitable on paper but having no cash in the bank is very common. Correct me if I'm wrong.

Thanks a lot, I'll try it today. When you try to change everything at once, nothing settles.

I went through the same thing.

I'll argue the opposite, don't get mad. Most time waste accumulates in tasks waiting for approval.

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

There's a common mistake people make when doing this. Just because everyone does it doesn't mean it's right.

I'm also curious if anyone does it differently.

I'd appreciate it if you shared the outcome. anyway don't hesitate to ask; those who don't ask always pay more.

Processes without records never improve because you dont know what to fix. I mean im also curious if anyone does it differently.

You're right. Most time waste accumulates in tasks waiting for approval.

If I were you I'd go this route.

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

The first thing to break as you grow is communication, not the numbers. If you have questions, write them; I'll answer as best I can.

I felt relieved reading this answer, so it's not just me. People defend habits not processes. Resistance comes from there.

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

I was thinking the same thing. When making decisions, write down the worst-case scenario too not just the best.

Timely topic.

i went through the same thing.. and honestly extending terms makes customers happy but turns you into a finnancing institution.

people defend habits, not processes. resistance comes from there. if I were you, Id go this route.

There's one point I'm curious about. If it's your first time, start small; scaling comes later.

Just leaving this note, it might be useful.

I feel the same way. Taking notes for two weeks yields better results than a six-month estimate.

This is my opinion, I'm not claiming it's absolute truth.

There's a part I don't understand. The answer varies greatly by industry; there is no one-size-fits-all rule.

Any unwritten clause becomes a point of disagreement later as both sides remember it differently. Of course, it varies if your situation is different.

This is exactly what we experienced. Cutting your own salary is a temporary tactic; if it lasts more than six months, something will break.

This is my opinion, I'm not claiming it's absolute truth.

i'd apppreciate it if you shared the outcome.

Here's how it went for us. The longer you delay cutting the team, the more people it affects.