W EEKLY EDITION JANUARY 23, 20 19
Effective Credit Practices Keep You from
Getting Stiffed
By Karleen Kos, PSAI Executive Director – This Article Ran in the December Issue of PRO Magazine
It can happen to anyone. New or seasoned, sooner or later, a customer isn't going to pay you. No body
likes to have it happen, but it is one of the things that comes with the territory of being in business. The
trick is to minimize its effect on your bottom line. Here are the best ideas we have heard from portable
sanitation operators to prevent non - p ayment issues from ruining your financial results.
• H ave n e w c o n t rac t c u s t om e r s p ay u p
f ro n t . Future billing is for the month to come, not
the month that has just passed. Cell phone
companies do it. Cable companies do it. Portable
sanitation companies can do it also.
• R e qu i r e s p e c ia l e ve n t c u s t o me r s t o p u t
5 0 % do w n . This prevents you from losing money
if they cancel or are otherwise up to no good.
Several portable sanitation operators have been
stiffed over the years on special events when
organizers simply disappeared without paying.
Which leads to —
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