@shawngorham
I hear this story from trades all the time.
Assuming he’s collecting on time (most collect at an average of 83 days).
I usually heard: starting too many new jobs at once (lots of upfront payables), big job went bad and playing catch up, or taking too much cash out of the biz.
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Just had a call with my Plumber - he has $100 in his bank account and payroll tomorrow
Runs 10 (brand new) vans and about 15 total guys
He charges above market rates and is always busy
10+yr in business
What do you think hes doing wrong?
(I have a pretty good idea)
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@JerimiahLee
@shawngorham
Residential? I've got a plumber in my house now. I'm pretty sure if I don't pay him as he leaves, he will disconnect everything he just installed and take it with him.
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@JoeJereb
@shawngorham
Yes, resi and commercial. Your guy is rare. Most drop or mail a paper invoice with 30 day terms.
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