Get Paid BEFORE You Work: Lawn Care Business Cash Flow Secrets

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Green Industry Podcast 32 min 2 speakers 5 chapters transcribed 1 month ago
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Why should lawn care businesses stop financing client projects out of their own pocket?

Marty (Producer) 0:03
Hello and welcome to the Green Industry Podcast, your go-to guide for building a more profitable and thriving lawn care and landscaping business. Your host, Paul Jameson, is the author of five best selling books, including Cut That Grass and Make That Cash, and his latest, Level Up Your Money. All available on Amazon and Audible. Now, get ready for more expert insights and practical strategies. to boost your business and level up your life. Here's Paul Jameson.
Paul Jamison 0:41
Welcome back to the Green Industry Podcast. I'm your host, Paul Jameson. Let me ask you a question. How much time did you spend this past week tracking down money you've already earned? Meaning you've already done the work, but you actually haven't got paid from the work you've already done. If you're running a lawn care business and acting like a bank by extending credit to your customers, you're setting yourself up for cash flow stress and massive. Frustration. You're a business owner, not a lending institution. Today. We're gonna talk about a concept that will completely revolutionize your cash flow, give you total peace of mind. I know because I have done this. It works. It's changed my life. And that is getting paid before you do the work.
Paul Jamison 1:35
Let me say that again in case you're Just learning English. Getting paid. Before You do. The work. So we're gonna break down the prepay model for lawn maintenance, how to collect proper deposits when you're doing larger uh landscaping projects, maybe a mulch installation, a pine straw installation, flowers, sod, bigger projects like that, how to do progress payments that will safeguard your cash flow and your business. But my friend, it's time to stop chasing checks. And start serving your customers with confidence and with peace. When you actually have money in your bank account so you're not in this place where you're like, I gotta go finish this job right this now this afternoon and hope that Susie comes home from uh Pilates and has a check for me so she can give me the check so I can rush to the bank so I can put it in the bank so that then the money will be in the bank so that then I can
Paul Jamison 2:39
Ever been there? All right. Here's a secret. All right. Rich people Get paid. Before the They do the work. Poor people. These are generally speaking, but listen to me he hear me out here. Rich people Get paid. Before they do the work. And I'm gonna give you some examples of that. A lot of poor people. They'll do the work. They'll do the work. They'll do the work, right? They'll go to work on Monday. They'll go to work on Tuesday. They'll show back up on Wednesday, Thursday, Friday. It's the end of the week. They still haven't gotten paid. They'll show up the next week. Listen, Monday. Wake up all early. That alarm's cloning off. Monday morning, that alarm clock's going off. Beep, beep, beep. Oh, I gotta go to work. They still haven't gotten paid from last week's work.
Paul Jamison 3:37
Here they are, Monday showing up. Tuesday showing up working. Wednesday, Thursday, finally Friday, finally payday. And they get paid on Friday. And that was two weeks of work. And then at the end of two weeks of work, they got paid. Well, that company that you know suckered them into working for two weeks without getting paid, they had that money sitting in their account. Probably had. We were earning interest on that money.

How does the pre‑pay model change cash flow for regular lawn‑maintenance contracts?

Paul Jamison 4:08
And things of that nature. Now on the other hand, rich people They get paid up front. I had uh to go to urgent care before. Hopefully I never have to go to that place ever again in my life. But I had to go actually more than a couple occasions. And I'll go in My urgent need, right? I had um one time my my skin was having a crazy reaction. Um and that is a whole nother story for another day. You probably don't want to hear that story, but thankfully I I I I survived and everything's fine. Um one time I had an infection. in my finger I uh long story short, I you well, you work outside every day. You gotta be very careful of protecting your skin, wearing gloves, wearing pants, where you know, just anyway, that's another story for another day.

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