1st January 2011, 04:51 PM
Dino has a point (steady on - Madweasels, I hear you say - hey, it is a new decade after all)!!
I know from talking to pals in the Museum of London's unit that those in the know reckon that cash flow is going to be a serious problem. They have the Museum and the Corporation of London acting as its bankers (not free, I believe but still cheap and forever present) - but if they have to go it alone (not their choice to leave the safety of the museum, they tell me) they might well lose that cheap 'credit' option. Dino's real world might hit some of those, who have not acknowledged this institutional support as a very valuable asset, very hard indeed.
No doubt any new business plan will take this into account but it will be a huge culture shock for those who have been lax in getting their invoices out and money in.
I know from talking to pals in the Museum of London's unit that those in the know reckon that cash flow is going to be a serious problem. They have the Museum and the Corporation of London acting as its bankers (not free, I believe but still cheap and forever present) - but if they have to go it alone (not their choice to leave the safety of the museum, they tell me) they might well lose that cheap 'credit' option. Dino's real world might hit some of those, who have not acknowledged this institutional support as a very valuable asset, very hard indeed.
No doubt any new business plan will take this into account but it will be a huge culture shock for those who have been lax in getting their invoices out and money in.