What to Do When Your Construction Company is Broke | Part One
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- čas přidán 11. 09. 2024
- Being broke is overwhelming, whether it's in your personal life or your business. In this episode, Ben and Kinsey talk about how to ensure you know your worth, even if your bank account is empty.
This is the first part of a two-part series where we look at how being broke is often a sign of bigger issues-issues that you have control over! We'll discuss what to do when you're broke and how to avoid ending up in the same situation again.
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Our biggest challenge is collecting receivables. My husband has a habit of wanting to write off balances just because the bill was made up late or the bill is old. He doesn't even try to reach out to his customer to collect. This drives me bonkers. So I would go ahead and reach out to the client only to find out they never got the bill or we did not have the right email address for them.
It is tough to keep up on receivables, especially when they start getting to be out of date. Having that correct contact info is crucial to build into your process. It sounds like you're on the right path, and we hope your husband can hop on it with you!