Cash Flow High Point 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 High Point. 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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West Green Pawn Inc
(336) 882-7297
1410 W Green Dr
High Point, NC
 
Ace America's Cash Express
(704) 553-1260
900 E Arrowood Rd
Charlotte, NC
 
Dolex Dollar Express Inc
(704) 872-5548
1034 Crossroads Dr
Statesville, NC
 
Nationwide Money
(704) 895-6666
9129 Sam Furr Rd
Huntersville, NC
 
Greene Finance Corp
(336) 789-9191
141 N Main St
Mount Airy, NC

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Ace Cash Express
(336) 886-2274
2114 S Main St
High Point, NC
 
A Friend Indeed Check Cashing
(704) 639-9911
802 N Long St
Salisbury, NC
 
Ace Cash Express
(704) 333-2961
2611A Central Ave
Charlotte, NC
 
Advance America
(336) 789-1475
976 W Pine St
Mount Airy, 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