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Hot Checks

Hot Checks

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squirtismyboy Active Indicator LED Icon 16
~ 11 years ago   Apr 26, '12 4:20pm  
I say out her and tell us where her buisness is and I will go in there and ask her why she felt it necessary to write a hot check. 4951
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BEVO Active Indicator LED Icon 1
~ 11 years ago   Apr 26, '12 4:42pm  
You can use Square to accept cc and the fee is something like 2.75%. PayPal is also comming out with a cc reader. Sounds like you may need a business manager. 4951
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petstylist Active Indicator LED Icon  OP 
~ 11 years ago   Apr 26, '12 5:02pm  
I have put a lot of thought into this but past experience scares me a bit. My last Salon, we did accept CCs and would sometimes payout $500 a month. It's not a simple as it sounds. A lot of the charges differ depending on the type of card and the rewards offered. As my business grows I will still consider CCs but as of now, it's not an affordable choice for me. As for raising the groom price $1... That is easier said then done. Grooming is a tough business. I asked many clients last year if they would rather have a price increase and have me accept CCs or just stick with checks and cash and it was unanimous... No CCs. 4951
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petstylist Active Indicator LED Icon  OP 
~ 11 years ago   Apr 29, '12 9:12am  
Wow. Looks like the owners of the new business across the street also write hot checks to their employees and fail to pay them what they're owed. I just found this out on the ADC forums. Looks like they're lacking in Business ethics as well as personal ethics. 4951
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mardigrasman Active Indicator LED Icon 12
~ 11 years ago   Apr 29, '12 12:41pm  
someone needs to have law enforement pay them a visit, if that is the case! 4951
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hardzep Active Indicator LED Icon 10
~ 11 years ago   Apr 29, '12 12:52pm  
They won't keep employees that way.  Not going to make it.  4951
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mardigrasman Active Indicator LED Icon 12
~ 11 years ago   Apr 29, '12 12:54pm  
They won't keep employees that way.  Not going to make it. 
 
@Zephard: we should go over there and ask if we could pay them with a check that hangs out with Kobe & Labron& Derrick & Dwade..........you think they may get it then???
4951
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BEVO Active Indicator LED Icon 1
~ 11 years ago   Apr 29, '12 1:09pm  
If they can't pay employees it is only a matter of weeks, or maybe days, before the place goes under.  Not everybody can make an idea pay money. 4951
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mardigrasman Active Indicator LED Icon 12
~ 11 years ago   Apr 29, '12 1:23pm  
nothing says loving like doing a startup with out proper funding or undercapitalization! 4951
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BEVO Active Indicator LED Icon 1
~ 11 years ago   Apr 29, '12 1:42pm  
nothing says loving like doing a startup with out proper funding or undercapitalization!
 
@mardigrasman:
 
How about a business plan? Small businesses
need to be aware that if they are going to cheat one of their most important assets
(their employees) then word will spread that they are a POS, especially today
when word can spread quickly on the web and in forums.
 
4951
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mardigrasman Active Indicator LED Icon 12
~ 11 years ago   Apr 29, '12 1:49pm  

- - - - - - - -
>> nothing says loving like doing a startup with out proper funding or undercapitalization!
 
@mardigrasman:
 
How about a business plan? Small businesses
need to be aware that if they are going to cheat one of their most important assets
(their employees) then word will spread that they are a POS, especially today
when word can spread quickly on the web and in forums.
 
 
@BEVO: you are correct! I bet if you asked them if they had one, they would probably give you that deer with the headlights look ( that's what i get when i sit down with a new prospect and I ask them how much capital they have set aside to cover fixed expenses). The rule of thumb in the hospitality/restaurant industry is to have 6 months of working/liquid capital to cover fixed expenses while you establish your business/clientele. Too many times have i heard" if we could just get the doors open", only to see a location closed within 2-3 months after opening.I always tell them that you are not Kevin Kostner and if you build it, they may not come! 
4951
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