Cash Flow Durham NC

It's not that difficult to sell lots of jobs, do great work, earn tons of money, and still go broke in the pro AV business in Durham. Here's how. First, sell a big project to a client without doing a credit check or getting a portion of the total cost of the job upfront.

Carolina Jewelry and Pawn
(919) 598-0707
1618 S Miami Boulevard
Durham, NC
Services
Jewelers, Check Cashing Services, Pawn Brokers and Shops, Hardware Dealers
Hours
Mon 9:00Am-6:00Pm,tue 9:00Am-6:00Pm,wed 9:00Am-6:00Pm,thu 9:00Am-6:00Pm,fri

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Greene Finance Corp
(336) 789-9191
141 N Main St
Mount Airy, NC

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J & R Pawn Shop Inc
(919) 688-4361
918 N Miami Blvd
Durham, NC
 
A-1 Check Cashing Inc
(919) 403-2000
2605 Chapel Hill Rd
Durham, NC
 
ABC Check Cashing
(919) 493-4646
1209 University Dr
Durham, NC
 
Carolina Jewelry and Pawn
(919) 598-0707
1618 S Miami Boulevard
Durham, NC
Services
Jewelers, Check Cashing Services, Pawn Brokers and Shops, Hardware Dealers
Hours
Mon 9:00Am-6:00Pm,tue 9:00Am-6:00Pm,wed 9:00Am-6:00Pm,thu 9:00Am-6:00Pm,fri

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Payroll Advance
(919) 620-9891
3115 Guess Rd
Durham, NC
 
Ace Cash Express
(919) 682-2977
1100 N Miami Blvd
Durham, NC
 
A-1 Check Cashing Inc
(919) 286-9000
2334 Guess Rd
Durham, NC
 
Checks 2 Cash
(919) 403-2728
2502 Durham Chapel Hill B
Durham, NC
 
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Cash Flow

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Source: PRO AV Magazine
Publication date: March 1, 2005

By John McKeon

It's not that difficult to sell lots of jobs, do great work, earn tons of money, and still go broke in the pro AV business. Here's how. First, sell a big project to a client without doing a credit check or getting a portion of the total cost of the job upfront. Execute every change the client asks for along the way — don't wait on formalities like change orders. Order the major equipment immediately, and let it sit in your warehouse for 60 days waiting to be installed. Submit invoices at your leisure — just because the client processes bills on the 10th and 20th of the month is no reason to hurry to meet those dates. Be sure to submit a nice, vague invoice, too, so the client has to send it back, asking for more detail. Meanwhile, let your vendors wait: They know they'll get paid eventually, right? Don't follow up too aggressively on your account receivables because persistence might offend the client and deter new business. When you finally decide to act, or the client finally turns out to be a deadbeat, make sure you act just after your right to file a lien or make a claim on a performance bond has expired. No matter how much business you're doing, falling into traps like these will take you down the sure road to disaster.

Obviously, it's rare for any one company to make all of these missteps at the same time, but all too many make at least a few.

Click here to read full article from Pro AV Magazine