I'm scared. We're a bootstrapped logistics startup, and we don't have enough in the bank to fuel the fleet of vans. We're putting todays fuel (18 vehicles) on my personal card. Otherwise, we're out of business.

Do you have customers? Does the payment from them come in late?

Anonymous says:

December 16, 2016 at 12:41 am

Cash flow for us has always been an issue. Yes, we have paying customers, and payment from them comes in late. Thankfully the $1.5K of diesel that’s on my credit card will last most of them until Tuesday (it’s Thursday right now). Hoping they pay up soon, otherwise we won’t be able to pay anyone on the 30th. :\

Reply
- Anonymous says:
  
  December 16, 2016 at 4:58 am
  
  See the problem with most startups who close down is that they don’t have paying customers.
  
  You would be surprised at how communicating directly resolves things. Talk to your clients about changing the payment schedule. Ask them for a schedule such that you always have working capital at your disposal.
  
  Reply
  - Anonymous says:
    
    December 16, 2016 at 7:14 pm
    
    Thanks for this advice. I had a call with our 2 largest customers this morning and told them “Look, we’re cutting this close and I know you’re really happy with our service compared to your old vendors, any way you can cut us a check a few days earlier than your terms say you’re required to?”
    
    Our main point of contact at A and J are going to get back to me in an hour. I’m hoping they have a check for us.
    
    Reply
  - Anonymous says:
    
    December 18, 2016 at 4:38 pm
    
    Communicating will help solve much of these ‘fire drills’…including more consistsent communication with those other stakeholders besides your clients/customers.
    
    If you have taken outside capital, you should have been communicating monthly to those investors about these challenges.
    
    This is a big reason why so few startups make it past 3 years. They don’t engage others that can help them succeed, until it is often too late.
    
    I hope it is not too lake for your business.
    
    Reply

2scabbard

… [Trackback]

[…] Read More Info here on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Info on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Read More Information here on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Information to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Information on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Read More on on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Info to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Information on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] There you will find 62872 more Info on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Find More on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Read More to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] There you will find 4384 additional Info on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Info on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Here you will find 93988 more Info to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Find More on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Read More Info here to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Information to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Read More here on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Information to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Information to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Find More on on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Read More Information here to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Read More to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Find More Information here on that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] There you will find 28406 more Info to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Here you will find 88272 more Info to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]

… [Trackback]

[…] Find More Information here to that Topic: startupsanonymous.com/confession/im-scared-bootstrapped-logistics-startup-dont-enough-bank-fuel-fleet-vans-putting-todays-fuel-18-vehicles-personal-card-oth/ […]