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Longevity

Written on July 31, 2009 by CincauHangus

The scenario: I have my own small personal business, which brings in some money every month. I work alone and alone only. I don’t need other people to help me out because it’s a simple business. I pay my bills, clients pay their bills, I get richer by a few hundreds. I’m still hoping to expand in the future by diversifying my services.

The problem: Longevity. If I’m not here, who’s going to be responsible for my clients? Who’s going to pay the bills, collect the money? Family knows nuts about what I do, so they can’t help, and friends? It’s a matter of trust I suppose. I don’t give my full trust when it comes to money, so what can I do then?

I have a friend who started this thing with me, but she dropped off after that when I took full control. She’s still the secondary contact to the accounts in the event of an emergency. One thing is, we met online, but never actually met face to face before. Talking about putting your full trust into someone you never actually met.

In terms of contribution, I’ve contributed 99% of all the work and clients, but she did thought me how to do this and that in the early beginning.

So, back to the question, what can I do then?

3 Comments

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  • Comment by satkuru:

    that’s where your offsprings come in, lol. just joking. i get what you mean, i had the same experience 4 years ago and what happened in the end ? it just died off like that. was kinda sad not because the cashflow just stopped out of the blue but commitments caught up with me.

    … and yes trust is another issue all together. when it comes to business, it’s really not easy trusting others.

    August 7, 2009 @ 6:47 pm
  • Comment by Ling:

    i guess what you can do is continue on with it, change it into something bigger and then hire experience people to work for you. find someone you don’t know. Never ever work with family or friends, that is what i had learned. =)

    August 12, 2009 @ 11:28 pm
  • Comment by CincauHangus:

    You know what, I agree with you. Money & politics doesn’t go well with friends..

    August 13, 2009 @ 1:36 am
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