Thursday, April 29, 2010
Improve Cash Flow If Revenue Is Down
Revenue is down for many cleaning contractors right now. That's just a fact. If your revenue is down from last year, it's likely your payroll costs are too. Take a look at the payroll projections that your Worker's Comp. and Liability Insurance carriers are basing your premiums on. If your payroll is down, you should be able to have them adjust your projected annual premium. This could get your monthly premiums lowered for the rest of the policy period, or get you a refund. Don't wait for them to audit you and then calculate your refund. They might forget! Most won't, but why let them earn interest on your money when you could do something exciting with it like invest in a new equipment preventive maintenance program. Seriously, get your dough back!
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