If you're doing work for builders or remodelers, you're waiting to get paid. The longer you wait the bigger risk you take, especially if your customer experiences a decline in sales and revenue.
The fabricators that follow these tips wil get paid and get through an economic storm.
Those that don't may not have the cash to weather the storm.
1. Visibility - Aging Accounts Receivables Reports
2. Terms - When do you get paid and what will do if the check doesn't arrive on time
3. Leverage - You have leverage if your customer is sending you work. Use it to get paid.
You work hard fellow fabricator, too hard to let someone fail to pay you!
make sure you visit no lift system!
Happy Fabricating!
Aaron Crowley
Ep: 44 - "How to NOT keep a Promise"
Ep: 43- "The Map - Live at TISE"
Ep: 42 - "3 Truths about employees that owners must remember"
Ep: 41 - "3 Lies About Employees Owners Like to Believe"
Ep: 40 - "Scope Creep"
Ep: 39 "Side Jobs - 5 Reasons You Should Let Your Crew Do Them!"
Ep: 38 -"What's the Plan?"
Ep: 37 - "What About You?"
Ep: 36 - "Retail Profit Potential"
Ep: 35 - "Tariffs on Quartz - What's the Impact?"
Ep: 34 -"The Power That Leaders Possess."
Ep: 33 - "The Power of Imposing Order"
Ep: 32 - "The Power of Peer Learning and the Value of Trade Associations"
Ep: 31 - "Loose Ends and Why you Must Tie them Down!"
Ep: 30 - "Beware The Silver Bullet Syndrome"
Ep: 29 - "The Cause of Company Conflict"
Ep: 28 - "What Not To Do"
Ep: 27 - "How to Get There"
Ep: 26 - "Digital Marketing 101 - For Stone Shops"
Ep: 25 - "Why I Need Mentors, Coaches, and Counselors!"
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