Customers Might Help

If there ever was a stigma attached to asking customers to help you finance your business, it’s not there anymore! Today, the practice of asking for a deposit on a job is common.

One way to do this is to require payment (in part, at least) before you do the job. Also, billing annually for year-long service contracts and offering incentives for pre-payment is now common.

Source : Glen Cooper, CBA, is a Certified Business Appraiser and is President of Maine Business Brokers

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