Cash flow management is a discipline that every restoration company must master. Although every organization in existence must manage cash flows and receivables, there are complexities that are unique to our industry. Because it is not uncommon to fund portions of jobs or entire projects, the busier you get and the less time that you have can make this even more of a challenge to proactively manage.
“The check is in the mail.”We all know that saying, but when we hear that in our business, the response should be: “When was the check mailed? Where is it being sent? Whose name is on the check?”