5 Mistakes Home Improvement Business Owners Make That Set Themselves Up for Failure

And How You Can Avoid Them All (From Under £1 Per Day)


Note: This is the fourth article in a five part series.

If you haven’t read the first article, click here.
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Mistake #4 –Bleeding cash

If you find your cashflow stretched, and despite growing your sales it’s still a struggle, it’s probably time to take a look at what you spend your money on and your effectiveness at getting paid.

As your business grows, the number of invoices your send out increases, but so do your costs. 

How effective are you at saving money and collecting money from your clients?

There are 3 ways businesses bleed out cash unknowingly

                – Not getting paid on overdue invoices and letting bad debts turn worse                               (and harder to recover)
               – Not performing credit checks or pre employment checks before they                                 approve a new client or team member
               – Spending too much on different business expenses and not exploring                                more cost effective options

This is just the tip of the iceberg, and once again we’ve got our friend Struggling Joe to show us what to avoid doing when it comes to managing your cashflow.

We understand every business is different, so it is easier to talk in percentages rather than fixed costs. So we’ve created a scenario below where an LPC member was able to reduce a range of his business expenses by 10%.

If you’re reading this, feeling like you’re bleeding cash, you can stop this with support. 

LPC members do benefit from an immediate discount on their expenses – everything listed in the table above is included with every membership option we offer.

Take a look at how you can protect your business and reduce costs with LPC.


Want an extra channel of new business to support your growth?

LPC PROMOTE services can help you generate new sales leads, follow up leads consistently, reduce customer risk, make better sales offers and win more business. 
For eligible businesses only, from under £1 per day

Learn more about the difference membership makes.

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