1. Missed the live Ask the Expert event?
    Catch up on the conversation about fertilization strategies for success with the experts at Koch Turf & Ornamental in the Fertilizer Application forum .

    Dismiss Notice

Interesting post in Off topic

Discussion in 'Irrigation' started by FIMCO-MEISTER, Oct 21, 2007.

  1. FIMCO-MEISTER

    FIMCO-MEISTER Banned
    Messages: 18,668

  2. CAPT Stream Rotar

    CAPT Stream Rotar LawnSite Fanatic
    Messages: 6,192

    cash=king!!!
     
  3. DanaMac

    DanaMac LawnSite Fanatic
    Messages: 13,219

    For service/repairs calls the money isn't huge per transaction. So I don't even bother pocketing it. It's not worth the possibility of getting caught. And I DO NOT give a discount for cash. My doctor doesn't, mechanic doesn't, local watering hole doesn't.

    and I rarely keep much cash on hand. I pay for almost everything with credit cards and pay off each month. One card (business) owes me $700 in cash back money, and other card (personal) has about $500 built up in points towards gift certificates and other goodies. I pay my suppliers through the card to get losts of money back.
     
  4. FIMCO-MEISTER

    FIMCO-MEISTER Banned
    Messages: 18,668

    Same here. JDL though won't give their 2% discount (at least not for me) so I pay them with a check. Ewing seems to prefer CC transactions. I don't accept CC myself and make all my customers go find their checkbook. They joke how it has been ages since they wrote a check.
     
  5. DanaMac

    DanaMac LawnSite Fanatic
    Messages: 13,219

    I will probably have to give in this upcoming year and accept credit cards. I won't advertise it, and will prefer checks, but will make it available. Maybe I will say only if its a certain minimum. Say, $100 or so. Or if they are late on paying. Next year I may also make people prepay for winterizing at the time of call for scheduling. Either CC over the phone, or send a check or we don't show up. I have a lot of things to think about this off season. Expansion, employees, rates, cut expenses, credit cards, service area, vehicles, etc.
     
  6. FIMCO-MEISTER

    FIMCO-MEISTER Banned
    Messages: 18,668

    Dana you have enough trouble sleeping as it is. Don't lose your mind.:hammerhead:
     
  7. Mike Leary

    Mike Leary LawnSite Fanatic
    Messages: 23,155

    Ditto..that the least fun of the biz, but you ARE in business! Have you thought
    of a partner...someone who could run the "inside" part? I could'nt have lasted
    without my CPA..but she never ran the day-to-day part.:dizzy:
     
  8. DanaMac

    DanaMac LawnSite Fanatic
    Messages: 13,219

    I do have a CPA do my year end taxes. My girl does my quarterlies, and some scheduling when I am over busy (now) and she has time. Looking at a possible office person for next year. Have thought of and talked of the partner thing :) but not sure of that. I want myself to be more of the "inside" part and start getting away from the field work.
     
  9. Mike Leary

    Mike Leary LawnSite Fanatic
    Messages: 23,155

    Took me about two systems before that thought occured..pulling it off took a
    tad longer...however, look at me..back in the field again! Lost my "office gut"
    tho.:weightlifter:
     

Share This Page