I am not writing about her.. Lol:) I am writing instead to share the power of will.
For background, we own a small company. We provide services to a few large entities in the Metro Manila Area. Unfortunately, one of these entities controlled about 80 % of our business. And most recently, this entity had faced severe challenges that affected their ability to settle their payables to suppliers such as us. The delays in the settlement had impacted seriously on our cash. And with very little sales coming in, our financial challenges had become even more pronounced.
With Christmas coming soon and the government mandating us to pay our employees an extra month, we were literally pulling our hairs to find solution to a serious problem. We needed to collect. We were relentless in contacting our client who have become very evasive in even answering our calls. We called on every possible resource we had to help us collect.
With a bleak scenario looming, we looked at various options and were geared up for the worst. We were concerned for our employees who may not be able to celebrate in the coming festivities.
This afternoon, we made a desperate call to know the status of our receivables. Even the smallest of amounts would help. To our delight, we were informed that we had a check ready for pickup. It was not the total amount, but it was significant enough to alleviate us from our woes.
My CFO and I looked at one another and just could not believe what we heard. This must be heaven sent!
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