Cash Flow Winston Salem 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 Winston Salem. 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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America Check Cashers
(336) 750-0253
511 N Liberty St
Winston Salem, NC
 
Ace Cash Express
(336) 744-8052
3583 NE Patterson Ave
Winston Salem, NC
 
Telecash
(336) 527-1566
2161 N Bridge St
Elkin, NC
 
Cspeed.Net Internet Services
(919) 875-8883
3030 Capital Blvd
Raleigh, NC
 
Greene Finance Corp
(336) 789-9191
141 N Main St
Mount Airy, NC

Data Provided by:
Ace Cash Express
(336) 722-5085
1499 New Walkertown Rd
Winston Salem, NC
 
Checks 2 Cash
(336) 785-7060
3600 S Main St
Winston Salem, NC
 
Urgent Money Service
(910) 872-0337
238 N Poplar St
Elizabethtown, NC
 
Raleigh Check Cashing
(919) 329-7100
4809 Fayetteville Rd
Raleigh, 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