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TOPIC: how to deal with non paying clients?

RE:how to deal with non paying clients? 24 Jun 2009 01:00 #16

  • halfmiler
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Dave Whitaker wrote:
D a m n good reason not to shoe there......:rolleyes:

Dave

damn good reason to shoe there: i can pull down in one good day what most folks bring home in 2 weeks if i get a good bunch and my holder is on his toes.

whats the going rate for shoeing all the way around up there dave?
J.M.Shrader
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RE:how to deal with non paying clients? 24 Jun 2009 02:33 #17

  • Jim Sweeney
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halfmiler wrote:
i bill once a month,i got my money this morning and told the guy that he needs to find a new blacksmith.

if i would have went to the stewards they would have froze his account up there and if he won a race i would have got paid from that.

I am confused. You said you got shafted last week. I took from that you did COD. Than you said you bill once a month and also got your money today. From this I figure the guy paid early.................... Could be your swamped with work and don't need clients, but if the guy paid up and now knows your not to be fooled with sounds like he could become a good customer. I have a friend who is a highly sought after farrier at the track, his tenure has made him a one man credit reporting agency. Every vet or shoer or hay guy seeks him out when taking new customers. He never chases money.
Jim Sweeney

"I started with nothing and I still have most of it left". The Logger.
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RE:how to deal with non paying clients? 24 Jun 2009 06:19 #18

  • halfmiler
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sorry for the confusion. i took him on in the middle of the month last month so i billed him the middle of the month his month. he was a week late on paying me thats all. and thats fine but dont duck me. if your gonna be late just tell me im gonna be a little late.
he was suposed to be back that same day at feed time with a check for last month plus what i did that day. i figured since the fella just won a race 13 days proior he was good for it. but it all worked out.
im acutaly at the point now that i need to cut a few of the smaller accounts. i just dont have the time nor is it cost effective for me to turn away a guy thats got 40 head to shoe for a guy that i wont do 40 horses in a year for. plus ive got 4 farms that i do regular trims and shoes on. its getting to be too much for one person. when my partner passes the liceness test to shoe on the track ill give him my smaller accounts to get him started off.
J.M.Shrader
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RE:how to deal with non paying clients? 24 Jun 2009 11:24 #19

  • cuttinshoer
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halfmiler wrote:
damn good reason to shoe there: i can pull down in one good day what most folks bring home in 2 weeks if i get a good bunch and my holder is on his toes.

whats the going rate for shoeing all the way around up there dave?

Well what do you make in a day. I'll take that bet.

Justin
Justin Decker

"As I see it, good enough is never good enough, it's just an excuse for mediocrity. If every shoeing ain't worth your best shot, you're just going through the motions." Tom Stovall, CJF
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RE:how to deal with non paying clients? 24 Jun 2009 12:47 #20

  • Tom Stovall CJF
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halfmiler

damn good reason to shoe there: i can pull down in one good day what most folks bring home in 2 weeks if i get a good bunch and my holder is on his toes.

I enjoyed life on the backside, but I think your figures are bit off. If you're getting $100 a head and working by yourself, plating 20 horses in one day might be possible - although 10 would be a more realistic figure - and the best possible day you could have would gross $2,000.

In any metro area of Texas, the bottom for hunters, jumpers, and dressage horses is $140 a head. Even the laziest of farriers servicing this market can get a couple done in the morning and a couple done in the afternoon and be home in time to watch the ball game. Four head a day is $560, multiplied by five days a week, comes to $2,800 gross per week. Two weeks work grosses $5,600, which is twice as much as a plater getting $100 a pop can gross in a single day at the races.

Bear mind that many H/J/D farriers are getting more than $140 a head and most are shoeing more than four a day. :)
Tom Stovall, CJF
"The only foolish question is the one left unasked."
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RE:how to deal with non paying clients? 24 Jun 2009 17:43 #21

  • Dave Whitaker
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halfmiler wrote:
damn good reason to shoe there: i can pull down in one good day what most folks bring home in 2 weeks if i get a good bunch and my holder is on his toes.

whats the going rate for shoeing all the way around up there dave?

Sorry, didn't mean to start a pizzin contest..... I choose not to shoe for anyone that's not prepared to pay me at completion. I don't have to.

To specifically answer your question, I am still getting $140 for four straight forward kegs, new or reset, without modifications. A good farrier here in my area, that's not making in excess of $100K/year , working 5 short days a week, ( out at 8AM back around 2PM), either doesn't want to, or is screwin up somewhere. And no track BS, either.

But my original comment was in response to your question about collecting money owed, not who makes more a day. I truly hope you make more than me and pay every penny of your taxes. I see Social Security on the horizon..........;)

Dave


"Everything is for sale......some are just harder to buy than others......"
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RE:how to deal with non paying clients? 24 Jun 2009 22:30 #22

  • halfmiler
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most i have done in a day is 13 but it damn near killed me. im getting $100 to shoe all way round. i usualy do 5-6 a day. some days ill do as many as 20 trims on the farms and none at the track. depends on what needs done and where.
J.M.Shrader
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RE:how to deal with non paying clients? 25 Jun 2009 04:52 #23

  • T.N. Trosin
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Bryan McElwee wrote:
Ive had a former client skip out on a bill. I was wondering if I could do something through the USE/USEF since she shows with them and is a member.

You could give it a shot, I am not certain that they will help. When I worked stand by at horse shows and somebody left with out paying my accountant at the time who was doing my billing, would notify the local association, son of a gun if I didn't get paid.
Soliceter General Warning: This message may not have been spell checked for your protection
Just a piece of advice, think to yourself is this something I would say in front of a client, before your click the submit button.
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RE:how to deal with non paying clients? 09 Jul 2009 04:28 #24

ladyblacksmith wrote:
Since there is no Union there........Just give him a bill, and if not paid; when you do your taxes....he will be reported to the IRS as uncollected.
When he writes off on his taxes this shoeing bill as being paid, and taking a deduction of his taxes......it's sends a red flag to the IRS that someone not telling the truth on their taxes.

I do this now.....I always get paid. Because you will get audited by the IRS.

Make sure to tell him this in when you see him.

None of the above is true regarding taxes & the IRS. I doubt any farrier is using the accrual method and therefore, there are no write-offs for bad debts. Using the cash method, you only report income that you collect. Therefore, if a customer doesn't pay - you don't report the income. You still deduct expenses associated with the job. In the cash method, failure to collect is not an expense - it's lack of income.

If your customer is an accrual method taxpayer & you are a cash method taxpayer (& you're not related parties), he can deduct the expense & record a liability while you report no income & deduct your expenses.
Cordell Rogers
CPA, MAcc, not yet CF
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RE:how to deal with non paying clients? 09 Jul 2009 04:35 #25

  • NicktheShoer
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Cyber Farrier wrote:
Good day sir, but that is one of the D U M B EST things I have EVER heard of.



I would strongly advise against anybody following this bone head advice.


Is that even legal what you did???:confused::cool:
Sir Nicholas J. McDonald IV, Esq.
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RE:how to deal with non paying clients? 09 Jul 2009 23:03 #26

  • cuttinshoer
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this could be interesting
Justin Decker

"As I see it, good enough is never good enough, it's just an excuse for mediocrity. If every shoeing ain't worth your best shot, you're just going through the motions." Tom Stovall, CJF
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RE:how to deal with non paying clients? 09 Jul 2009 23:57 #27

  • Rick Burten
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NicktheShoer wrote:
Good day sir, but that is one of the D U M B EST things I have EVER heard of.
How d-umb was it? He got his money didn't he?
I would strongly advise against anybody following this bone head advice.
Why?
Is that even legal what you did???:confused::cool:
Well, even if it isn't, do you think the horse owner is going to sue over it? After all, its the horse owner who is the deadbeat in this situation. I can't imagine the judge looking with favor towards the plantiff...
Rick Burten PF

In the immortal words of Ron White: "But let me tell you something, folks: You can't fix S-tupid. There's not a pill you can take; there's not a class you can go to. S-tupid is forever."
."


Je pense donc je suis
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RE:how to deal with non paying clients? 10 Jul 2009 00:16 #28

  • NicktheShoer
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Rick Burten wrote:
How d-umb was it? He got his money didn't he?

Why?

Well, even if it isn't, do you think the horse owner is going to sue over it? After all, its the horse owner who is the deadbeat in this situation. I can't imagine the judge looking with favor towards the plantiff...

Trespassing and extortion?? I guess that is fine as long as he got paid right?
Sir Nicholas J. McDonald IV, Esq.
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RE:how to deal with non paying clients? 10 Jul 2009 03:32 #29

  • Cyber Farrier
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No trespassing was involved. There were multiple signs inviting the public to enter the property for various reasons, including boarding, lessons, trail rides, horses for sale, etc....

And there was certainly no extortion. I took possession of what was still mine. If she wanted to purchase them (and the service to install them), the decision was hers. If she had refused, she never would have heard from me again. No threats of harm were ever made.

Don't ever make accusations like that again, or you'll be banned, again. In a heartbeat.

Baron
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- Mark Twain

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RE:how to deal with non paying clients? 11 Jul 2009 02:21 #30

  • NicktheShoer
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Cyber Farrier wrote:
No trespassing was involved. There were multiple signs inviting the public to enter the property for various reasons, including boarding, lessons, trail rides, horses for sale, etc....

And there was certainly no extortion. I took possession of what was still mine. If she wanted to purchase them (and the service to install them), the decision was hers. If she had refused, she never would have heard from me again. No threats of harm were ever made.

Don't ever make accusations like that again, or you'll be banned, again. In a heartbeat.

Baron

That is a really nice bar room story you had there, but would you recommend a young shoer in that same position to do the same?



BTW.... I was just curious.... If you gave a number on that add that was a pay phone so she couldn't call back, did your friend have to sit outside by the pay phone for a few days waiting for her to call? If she even saw the ad at all?
Sir Nicholas J. McDonald IV, Esq.
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