Who's Plundering your Plumbing Business?


By Jan Smith


If you occasionally feel that you are working for nothing, chances are that you are.

How many times have you put your invoice in for payment only to have to wait for 30 days for your money? If this is happening to you and your business, chances are that your business is being plundered by pillagers.

Pillagers are those people who sneak around thieving from you. They seem to have an instinctive nose for any Plumbing contractor in business who is not minding his business.

By not minding his business, I am referring to any plumbing business that is lax-a-daisical about his accounting procedures and following-up on over-due invoices. Every time you have an over-due account, it means you are paying for that client’s job. So the question is, are you a Plumbing business or a financial services business?

It is the function of financial institutions to lend money, not a Plumbing Contractors. Any Plumber in business today has to be a good business person first. Why? Because no matter how good a Plumber you are, if you aren’t being paid at job completion you soon won’t have your own Plumbing business to grow into a business.

Business is about profits. Building profit into each job to grow a business from your Plumbing activities. Plumbing is how you make the money to grow your business.

In today’s technological world there is no excuse for not being paid at job completion every time. There is no excuse except excuses for being a bad business operator.

With the information highway that the Internet provides, there is training and information products readily available for learning any aspect of operating a Plumbing business you may need assistance with. There is no shame in acknowledging you need information. Besides, no-one even needs to know that you are learning via the internet anyway, but if you feel your business could be run better, then you would be a poor business operator if you didn’t seek out the information.

You didn’t ‘just become a Plumber’ did you? You studied hard and ‘did your time’ learning. What makes you so sure then that you can run a successful Plumbing business without learning? Just because you are an excellent Plumber does not necessarily equate that you are therefore a good business operator.

All new skills have to be learnt from the bottom up. Building a business is no different.

Treat your business like a job site. Plan it out, lay it out on paper, understand why you have to dig the ditch to the required depth before you lay the pipe – by understanding why things have to be done in your Plumbing business allows you to plan ahead. Once you have this planning done, you can then see what needs to be done to achieve the desired outcome.

Because you have a plan for your business you will be able to quickly see who or what is plundering your business and stop it before it becomes too late.

Pillaging is still a crime so make sure you aren’t the one responsible for plundering your own Plumbing business.

http://www.constructingprofits.com Showing contractors how to make more money ~ working less hours!


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