Who Is Holding All The $$?

Posted on March 25, 2009 by - Also by this author

WHERE HAS ALL THE MONEY GONE? Clients who always paid their bills on time have suddenly slipped from two weeks to two months. When called upon to ask, everyone seems to be saying the same thing. Everyone is waiting for their own customers to pay bills in order to pay bills. Meanwhile, my own phone rings with various vendors who have been placed on the back burner until I have the money to pay them.
It isn’t just our industry. It is all types of business. I had a copier repairman in my office yesterday. He told me that he has had everyone from medical offices to oil companies that are not paying him in a timely manner and running at about 60 days to pay his invoices. My mechanic who specializes in only fleet service says he is having problems getting paid from large plumbing companies to courier services that he performs work for.
I figure there must be someone up river who is holding all the money. I draw a weekly salary. It is the same salary I was getting a year ago. My adult children are making the same amount if not slightly more due to cost of living or merit raises. My salaried employees are making the same amount of money as they were last year. My parents are making the same amount. Now, I will say that some of my friends have totally lost their jobs but for the most part everyone in my circle of friends is still making the same money, working the same job, and maintaining the same lifestyle. 
In just thinking about one scenario, basically mine, I can illustrate that someone has not paid me $5,000. That means that of that $5,000 at least $4,000 would be payable to someone else such as my mechanic or my printer. That means my printer cannot pay the envelope company for the envelopes I had made. The envelope company can’t pay the shipping company they used to get the envelopes to the printer and the shipping company can’t pay their fuel bill they incurred to deliver the product and it goes on and on.
I am thinking that Bill Gates probably is stock piling the money at his house. The money has to be somewhere. It was printed and circulating last year and someone has seized it. Does anyone know where the money is?
View comments or post a comment on this story. (0 Comments)

More LCT Blog Blog Posts

March 8, 2017

Immigration Issues Can Hit Limo Operators

Illegal or not, immigrants in one California region spend hard-earned money on renting stretch limousines.

March 1, 2017

Did The Dent Fairy Come To Visit You?

Unlike the tooth fairy and baby teeth, the dent fairy never runs out of vehicles.

February 15, 2017

My Unofficial International LCT Show Agenda

The suite parties, charity fundraisers, and off-the-grid get togethers round out a complete global industry trade show.

February 14, 2017

How To Practice Common Sense Customer Service

It's one of the most important and difficult qualities to hire for, since it emerges in unexpected situations on the job.

February 1, 2017

3 Big Fouls From My First Uber Rides

Operators don't have much to worry about if TNC drivers keep acting like this.

See More

Facebook Comments ()

Comments (0)

Post a Comment



See More

LCT Store

LCT Magazine - June/Fact Book 2017 $12.95 * Facts & Stats * Directors & Guides *
LCT Magazine - May 2017 $12.95 Post International LCT Show Issue COVER STORY: * Best Operators of 2017: Their Winning Secrets Revealed * *


Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close