18 min listen
Finance: How Can I Reduce My Accounts Receivable
FromThe GROW! Show
ratings:
Length:
11 minutes
Released:
Sep 13, 2023
Format:
Podcast episode
Description
In this episode, Grunder Landscaping VP Vince Torchia delves into different ways to help you reduce your “days outstanding” in relation to A/R (accounts receivable).
Collecting payment for work you've done is a critical part of maintaining strong cash flow at your landscaping company. Tune in to hear simple strategies companies can use to collect payments from clients promptly.
Discussion Points:
Collections are slowing in general
Calculating A/R “days outstanding”
Automation can help - credit cards and ACH’s
Building in credit card fees, discounts for cash
Providing a portal for customers to pay through
Assigning A/R responsibility to one person within the company
Setting up the process so everyone is aware
Recap
The Grow Show podcast is sponsored by STIHL and brought to you by The Grow Group - a leading coaching and education firm for landscape professionals. Your host is Marty Grunder, president and CEO of The Grow Group and Grunder Landscaping Co., one of the most successful design-build operations of its kind in the Midwest. The Grow Show shares ideas, tips, tactics, and insights that will help you grow your landscaping business.
Resources:
GROW! Conference Feb 2024
The Grow Group
Grunder Landscaping
Vincent Torchia LinkedIn
Marty Grunder LinkedIn
Stihl
Collecting payment for work you've done is a critical part of maintaining strong cash flow at your landscaping company. Tune in to hear simple strategies companies can use to collect payments from clients promptly.
Discussion Points:
Collections are slowing in general
Calculating A/R “days outstanding”
Automation can help - credit cards and ACH’s
Building in credit card fees, discounts for cash
Providing a portal for customers to pay through
Assigning A/R responsibility to one person within the company
Setting up the process so everyone is aware
Recap
The Grow Show podcast is sponsored by STIHL and brought to you by The Grow Group - a leading coaching and education firm for landscape professionals. Your host is Marty Grunder, president and CEO of The Grow Group and Grunder Landscaping Co., one of the most successful design-build operations of its kind in the Midwest. The Grow Show shares ideas, tips, tactics, and insights that will help you grow your landscaping business.
Resources:
GROW! Conference Feb 2024
The Grow Group
Grunder Landscaping
Vincent Torchia LinkedIn
Marty Grunder LinkedIn
Stihl
Released:
Sep 13, 2023
Format:
Podcast episode
Titles in the series (52)
Marketing: The Content Pieces You Can't Live Without: In this episode, Marty welcomes Emily Lindley, Content & Events Manager at The Grow Group. As The Grow Group’s content & events manager, she oversees our content marketing including emails and social media, develops content solutions that deliver on client needs, and shares our story with the green industry. In addition to her role at The Grow Group, she also manages Grunder Landscaping Co.’s marketing efforts. You’ll hear about the marketing tools that have stood the test of time such as postcards and doorhangers, why you must have a website, and tips and tricks for what to incorporate in each marketing piece to make it successful. Discussion Points: How we’re tracking if leads are on or off pace for the year Leading indicators to watch: design fees Essential marketing pieces Postcards and tips to make them more effective Doorhangers: how to use your crews to make these easy to implement Website: simple changes to make your web p by The GROW! Show