Winter, Spring, Winter?

After winter in April, the cold got worse in May. It may actually have been Ice Age in May.

In the beginning of last year, I've put excess company fund into an investment fund. I wanted the money to work harder for the company instead of just sitting pretty in the bank. In the first few months, the investment made modest gain and everything seemed well. Then sometime in the 3rd quarter of last year, the fund just went south. At the advice of the bank's financial advisor, we switched to another fund.

In May this year, the fund suffered a huge drop and it does not seem like it'll ever recover. So to stem the bloodletting, I've made the painful decision of realising the loss. It was a difficult decision as there is always the what ifs. What if the fund recover in the future? Am I being too emotional and rash? However, what if due to my inaction and indecisiveness, I lose everything. In the end, I hardened my resolve and the company lost $60k.

I don't look back any more. What's done is done. There is only going forward.

In May, when we closed the accounts, we only received $31,916.12. Again, it was way below our operating costs. So we suffered a loss in terms of cash flow in the month of May again.

I've already given instructions to my account staff to follow up closely all the late outstanding payments from our clients. I expect to see improvement in the June collection.

Indeed, we received the highest amount of payments in June. But it is nothing to crow about. The higher amounts were due to the late payments of clients for the months of April and May. But it does bring a brief respite for June.

But things seem to have turned south for July again. Almost one-third of the month has passed and we've only received $4,510. That's really really a pathetic sum.

The war of endurance has begun.