Showing posts with label liquidity. Show all posts
Showing posts with label liquidity. Show all posts

Saturday, November 19, 2016

eBay Adventure - All Hail Instant Payment PayPal

                Resale is not an easy business. I have been doing it for 5 months. I have listed, relisted, negotiated, fought fraudsters, checked ungrateful customers and been surprised by shipping weight more than once at the post office. Throughout it all, I’ve written thank you cards, purchased materials and shipping the same day as payment. All of this toiling and seed planting have reaped me a bountiful harvest: I now qualify for PayPal’s instant payment.
                This blessing ranks right up there like manna from heaven! Liquidity and solvency are important to every business. Instant payments mean that I can transfer the money to my bank. I achieve liquidity because these transfers are cash infusions. Also with cash on hand I stay solvent by paying my bills!


                Shop my eBay store here: http://www.ebay.com/usr/carljenkin_6


Saturday, April 30, 2016

Gratitude List - Day 8


                I have pulled myself up by the bootstraps and gone to the bank to enroll in its merchant services. I have overcome so much and not even a fire alarm evacuating the whole building across the street (the bank’s branch safety spot is the Starbucks). I need the merchant services in order to get my book sold at next month’s conference. Afterward, I have taken up a person’s recommendation to eat at the new chicken spot. It will be my last because I am not even full. What a waste! Back to Shake Shack I go. I am at least thankful that I have cash to go back and eat lunch twice. Moreover, a male employee says that I have swag because I am wearing my leopard-print Alice + Olivia raincoat and my green Banana Republic jumpsuit. Here is my gratitude list for today:

Gratitude List – Day 8

  1. I am alive with a dry roof over my head
  2. I have opened my merchant services account enabling me to take orders
  3. Amazon KDP has accepted my pre-order
  4. I have emailed half of the people whom have helped me throughout my book’s journey
  5. That I feel that my life is starting to get better
  6. I have money to pay my book edits
  7. I have a full selection of clothes to wear
  8. I have spoken with my father today


Launching my book is the scariest thing that I have ever done because I have never put my name on anything. It is now real. I am in business. Now I need some additional guidance. I am just happy that I am able to ask people for help. That’s big for me. 

Saturday, December 28, 2013

Instant liquidity

                This morning I ate breakfast at the Four Seasons using the leftover cash from my hair appointment.  At my waitress’ recommendation, I tried that shrimp and grits. I paid in cash.  Stunned she asked me if I needed a receipt. I told her yes leaving her a cash tip.  Later this afternoon, I ate dinner at Doi Moi where I left my waiter a $5 cash tip.  His response was immediate upon seeing the $5 bill. This reminded me that cash is king especially among service workers.  They don’t get paid the standard minimum wage due to tips but need cash to support their families.  That $5 can be spent as soon as possible for food or medicine or even rent.  In this era of credit, debit and Bitcoin, the public must never forget that service workers still prefer cash.