How do airlines and cruise ships fit into this thesis?
Any industry that requires and gets prepayment of its services is a good industry to be in.
-
-
-
Good counterpoint. I still think it’s a reasonably good rule of thumb. We could modify my comment slightly to exclude them and keep the rest. Lawyer on retainer, software getting a year in advance, or insurance feel different from airplane leaves on may 1 and returns may 7.
- 4 more replies
New conversation -
-
-
Insurance. It’s buffets favourite
-
Good one.
End of conversation
New conversation -
-
-
Any an example, please?
-
Lawyers, software are two that come to mind. Lawyers get retainer fees. Software companies always get paid before the services are done. Sometimes for as much as a year. Contrast that with the sale of inventory, which is paid at least 30 days after it is received.
- 1 more reply
New conversation -
-
-
Airfares?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The opposite is when you have to do 5 free PoCs to get one paying contract.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.