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Life as a millennial
(lemmy.world)
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this post was submitted on 16 Oct 2025
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Oh man guys, the amount of over-leveraged companies out there is insane. One of my competitors is going out of business with nearly 100mil in debt. They probably gross $25m per year. My suppliers tell me anytime a competitor asks to increase the payment terms. One large co. requires a net 1 year on the parts they order now. The system is cracking.
Yeah, we don't provide terms anymore. I tell my clients straight up we're not going to be left holding the bag when they go out of business, and when they start kicking and screaming I have a long list of former clients who already went out of business I can show them and fall back on.
If they don't have the cash on hand I advise them to get a loan. Just... from someone else, alright?