Starting Your Own Gardening Business – Bad Debts and Slow Payers
No question that Slow Payers and Bad Debts erode your profits!
So what is your best strategy for dealing with these mongrel bastards besides “sending the boys around to collect”?
2 things in life I can guarantee are Death and Taxes. Unfortunately, there is a 3rd thing that is almost a given: Slow Payers and Bad Debts.
And, it is unfortunately part of doing business (and even a cost of doing business!) – the fact of not getting paid by some customers.
Sometimes we have to find ways of factoring into our business this issue of lost money. One way of factoring bad debts into your business is by charging more for each job.
What other ways (ie legitimate ways) that help you deal with this problem?
Tell me what is your best strategy for dealing with these cheaters…
Bad debts erode your profits, and Profit is the oxygen for any business.
When you start choking how do you handle these bad debts?
For more smart profit making information have a look at our REPORTS at:
- How To Prepare Winning Quotes For Your Lawn And Garden Business
- Ready-To-Use Templates of Real Quotes and Proposals for Residential, Commercial and Industrial Sites
- Starting A Profitable Lawn Mowing Business – From Scratch
- Understanding Your OHS System
- How To Win & Manage Commercial Landscape Maintenance Contracts
- The Contractor’s Guide To Weed & Feed Lawn Care
- How To Build Your Own Successful Lawn & Garden Business in 30 Days
- Successful Customer Service Tips For Contractors
- Ready-To-Use-Templates For Your Own Safety Policy
- The Ultimate Referral System For Contractors