Last week, David A. Vilbig P.E., R.P.L.S. attended a luncheon with the Dallas Business Journal and Bank of America focusing on small businesses and their struggles in the current economy.
The hot topics discussed include:
“Will clients pay on time? If not, what recourse is there?
What effect will new health care legislation have?
If business grows, expands and invests, will it get hit with new regulations that kill the business?”
David Vilbig, Rick Ortiz, president and CEO of the Greater Dallas Hispanic Chamber of Commerce, Lee McKinney, assistant director of the Dallas Economic Development Department and Alicia Fannon, vice president of Accion Texas Inc. are quoted in the article by the Dallas Business Journal. Below is the excerpt quoting David Vilbig.
“David Vilbig, manager at Vilbig & Associates, said many business owners struggle to make a profit.
“I’ve been doing this for 30 years and I’ve seen a lot of ups and downs and this is the longest one I’ve ever seen,” Vilbig said. “Everybody I talk to is having the same thing: Are you busy? Yes. Are you making any money? No.”
Vilbig and others said one of the biggest challenges is getting clients to pay. Many companies delay paying, which causes a chain reaction down the line for others.
“If you don’t get paid by one of your clients, they know there’s nothing you can do about it,” Vilbig said. “I only deal with people that I know I’m going to get paid.”
For the full article see the Dallas Business Journal website.