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Part 5 of the Finance Series focuses on three options:
Payment Processing
Factoring
Simple Borrowing
One of the biggest complaints I hear from clients and read about on online landscape forums is getting paid on time. This creates serious problems that negatively affect:
Meeting payroll.
Hiring new employees and not add pressure to existing staff.
Cash or credit to service sales - purchasing materials and supplies.
Regardless of what options you choose for cash flow improvement or business funding, the one thing that remains critical is repayment of the money within the terms and conditions plus using prudent financial controls within your business.
Have questions about business financing or how to manage your ‘cash-flow’ like a pro? Reach out to GreenMark Consulting Group at www.greenmarkgroup.com or info@greenmarkgroup.com. Steven Cohen is President of The GreenMark Consulting Group and has been a successful entrepreneur for over 4 decades building profitable landscape companies.