Software Project Remains Unpaid For 3 Months Now = What I Did to Earn $4000 Net Profits in One Day
A software buyer, a company in Singapore with a local office here in the Philippines, signed a contract with our company, Grayscale, for us to develop a custom software. The software automates coach availability postings in date and time slots on a calendar, student books for date and time slots with available coaches, time zone differences are automatically handled by the software to display the date and time of the coach or student's time zone in case they're in different time zones, coaches with the best performance grades are automatically awarded the booked slot based on performance grades, admins can allocate credits to online managers who can in turn allocate credits to students, students and admins can rate the performance of coaches, coaches can rate the performance of students, notifications/confirmations as well as absenteeism and tardiness are automatically sent as notifications to admins, etc. We agreed and gave our terms:
50% advance payment and remaining 50% 30 days after software handover. Coverage of payment = All listed original requireents. Changes or additions to original requirements will be treated as a separate project...
They bargained for a 30% advance payment, a 30% progress payment and a 40% payment 30 days upon software handover. We agreed...
I scheduled our company's finances. We need the 40% remaining payment exactly 30 days upon scheduled handover...
Upon scheduled handover, we waited for 30 days. Nothing, though we still talk about it. Their employees simply don't know how to use the software. We randomly selected 15 of our non tech savvy friends, and they immediately knew how to use it properly...
Three months thereafter, excluding the first 30 days, so that's 40 days this month: They have yet to pay the remaining 40%, supposedly to add to our funds for our monthly overheads for the last two months. I ended up applying for a loan from our bank, so interest included...
What I did to resolve this was:
1. Formulated a service package that'll earn us $4000 net profits in a day...
2. Offered it to our 3 corporate clients and 4 business clients managing at least 500 websites each...
3. Our corporate and business clients willingly prepaid for the service orders they requested...
4. Talked to our employees who willingly agreed to work 4 overtime hours that day to complete all service order requests from our corporate and business clients, of course for higher overtime hour rates...
5. Taught our supervisors and managers to implement workflow plans for the rush projects...
6. Waited until the end of the day, and:
Tadah: $4000 net profits in one day, enough to pay our bank loan including interest rates...
Advice: If you're desperate, ask yourself the "how" questions instead of the "why"s, "what"s, "when"s and "where"s... This will make your mind draw exacted solutions to your problems, which in turn will motivate you to take immediate action and get immediate results...