Practical ideas and straightforward advice to help you run a better service business.
If you are purchasing thousands of dollars in supply house materials on your personal credit card before a customer has paid you a single cent, your contracting business is taking on massive financial risk for zero reward. Every field contractor has experienced the nightmare scenario. You quote a…
Read articleKey takeaways Match payment terms to client risk: due on receipt for one-time residential jobs, Net 15 for repeat clients, and Net 30 for established commercial accounts. Take a 50% deposit on large jobs for first-time clients, and use milestone billing for multi-day projects so no more than one…
Read articleIf you are constantly financing material costs and payroll out of your personal savings while waiting for customer checks to arrive in the mail, your contracting business has become an unpaid bank. Across every field service trade, whether you run an electrical business, a residential plumbing…
Read articleIf your field crew is working sixty hours a week but your bank account is constantly waiting on overdue customer checks, your invoicing process is costing you money. For trade contractors across appliance repair, electrical, HVAC, plumbing, roofing, landscaping, handyman, cleaning, tree care, and…
Read articleRemember the days when managing your service business felt like juggling flaming torches while riding a unicycle? You’re a contractor, not a circus performer. Whether you are elbow-deep in a plumbing repair, up on a roof, or managing a crew of landscapers, the last thing you need is a clunky,…
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