Are You Sitting on Old Receivables? Old Invoices = Cash That Should Be Yours
Every unpaid invoice is money you’ve already earned — you just haven’t collected it.
Letting receivables age out is one of the fastest ways to choke your cash flow. And the longer they sit, the harder they are to collect.
Most contractors aren’t even tracking this properly. They don’t know their average days to collect, or which clients are chronic late-payers. They’re doing work on good faith — and hoping for the best.
Real World Mistake & Lesson:
A landscaping company had $180,000 in 90+ day receivables. They hadn’t followed up because “the client always pays eventually.” We implemented a weekly collections process and added late fees after 30 days. Within 6 weeks, they collected $120,000. That money was sitting there the whole time — it just needed a little push.
Pick up your free copy of my new book, “The 7 Minute Conversation-How to Hear the Story Your Small Business Financial Statements Are Telling You-CONTRACTOR EDITION”. Go to www.7MinuteConversationBook.com
Ready to find out where your cash and profits are really going? Book your free 15-minute Profit and Cash Flow Call with me. No pressure. Just real clarity. I’ll help you see where your money’s hiding — and what to do about it. Schedule at www.CashFlowCallWithLarry.com