As I started the new decade, I decided to re-read The E Myth by Michael Gerber. I can’t believe how much I got out of this reading, and yet I can. Electronic Money Company is in the process of scaling up. We are adding integrations with multiple tablet software systems, and we are adding sales reps because of this new product launch. I wanted to … Read More
Understanding the Risk of Taking Credit Card Payments as Deposits!
One of my merchants, Sarah, has a tour company. She books tour events months in advance. She needs to reserve buses, restaurants, and hotels months in advance. She has cancellation penalties on those reservations. Her spots are limited on the tour as well, so if someone cancels at the last minute and she doesn’t refill the spot, she loses income. Sarah had a problem with … Read More