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: 24 - "Company Motto and Core Values"
Ep: 23 - "How to Work Less and Accomplish More by Delegation."
Ep: 22 - "3 Reasons Why You Must Delegate"
Ep: 21 - "Getting the Most out of Your Crew"
Ep: 20 - "Hiring, Training, and Retaining the Best Employees"
Ep: 19 - "3 Reasons Why You MUST Not Give Up"
Ep: 18 - "7 Dangers of Dealer Work"
Ep: 17 - "Blue Ocean Strategy & Direct to Consumer Models"
Ep: 16 - "Happy 4th of July"
Ep: 15 - Interview with Eric Rolseth of FillAChip
Ep: 14 - "3 Tools To Ensure Financial Health"
Ep: 13 - "Budgets Beat the Feast or Famine Cycle"
Ep: 12 - "Scheduling Dollars not Square Feet"
Ep: 11 - "The Problem With People Dependency and What to Do About It"
Ep: 10 - "The Best Book on Business Management Ever!"
Ep: 9 - "4 Advertising Mistakes You Must Avoid"
Ep: 8 - "7 Essential Steps to Successful Advertising for Stone Shops"
Ep: 7 - "Advertising 101 For Stone Shops"
Ep: 6 -“The M.A.P. to Full Potential”
Ep: 5 - "The Three Meetings You Must Have"
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