very time a client pays late and you keep showing up anyway, you are giving them a free loan. Here is where the problem actually starts - and what to do about it.
We explain you the four places cash disappears in a cleaning business, starting at the estimate, not the invoice. Most owners are looking in the wrong place.
Sharon drops a number most owners have never heard: a month is not four weeks in the cleaning business. It is 4.33 weeks. If you are not bidding that way, you are losing money one week every quarter without knowing why. Edwin walks through a real construction cleaning job where the GC was getting paid and not passing it along - and exactly how he tracked it down. Mark shares the collection statistic that should scare every owner: after 90 days past due, you have a 50% chance of collecting 50 cents on the dollar.
This episode covers: whether your cash problem is a pricing issue or a timing issue, what to lock down before a new account opens, how to invoice so payment is never delayed by your own mistakes, and how to manage receivables every single week without letting money slip through the cracks.
GRAB THE FREE CASH FLOW AUDIT CHECKLIST: The Link will prompt in the video, make sure you watch it all to download!
WATCH THE FULL CASH FLOW SERIES:
EP2 - Why Your Cleaning Business Looks Profitable But Feels Broke: https://youtu.be/z9HcXEMW0Vw
EP3 - How to Fix Your Cleaning Company's Cash Flow Problem: https://youtu.be/pbpDW9aVOvQ
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CHAPTERS:
0:00 - It's a Come to Jesus Meeting With Yourself
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ABOUT THE HOSTS:
Mark Anderson - 52 years in the cleaning industry. Built an eight-figure facilities company and a seven-figure franchise organization across the US and Canada. Now at TPGI NOW (tpginow.com).
Sharon Cowan CBSE - 35 years in the industry. President and CEO, Cleaning Business Consulting Group (cleaningbusinessconsultinggroup.com). BSCAI two-time award winner, published author, forensic expert in the janitorial industry.
Edwin Eaton - 20 years in the industry. Owner of iPro Building Services, 3x Inc. 5000 honoree, founder of Cinch Janitorial Software (cleancinch.com) and Blueprint Janitorial Coaching (blueprintjanitorial.com).
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