payment plan

[heafy]

Dont know if this sounds a bad idea, but I ve been thinkin about offering a 28 day payment plan of some sort to me customers. Im not sure of the legalities of it but I was thinkin of writin up an agreement letter where it can be signed, cost of job etc, etc then they get 28 days to find the dollar.

Its only a thought at the moment cos works already startin to slow down, but just thought it might bring in a bit more work in the run up to xmas.

If you lads think its a stupid idea then let me know, but any constructive criticism welcomed, cheers

 

[jay88]

cant say id wana wait 28 days for money once ive finished a job.its bad enuff wen the selfish gits make u wait a few days after completion

 

[gps]

Bad idea mate, I doubt it would bring you in any extra work and you would end up chasing the money

 

[Johnathon]

You never know mate may work, you could give it a trial run with a couple of customers and if it don't work drop it

 

[richardbrown]

forget it mate, if they dont have the cash now they will always find something better to do with it then paying you

 

[jay88]

thing is once u tell a customer theyve got 28 days u kno there jus guna wait until the last day or untill u chase them up on it,,,never kno u may even forget all about that 100 skim set u did 3 weeks ago lol

 

[Basher]

This idea can surely only cause problems heafy!! This is the reason the world is in the state its in credit control if they aint got the funds to afford it when u agree to start then they should not be looking for the work to be done!!!

 

[heafy]

i think i ll leave it there then lads, only a thought at the end ov the day

 

[richardbrown]

your leaving yourself wide open mate, give it a miss

 

[oasis]

one guy said 2 me while dont a get a payment thing so people can pay by card and even add extras ect... nah!

 

[Basher]

Also the taxman would love you to start this plan going make his life easier as we all know we all do the honourable thing for the dole wallers!!!

 

[spunky]

good idea mate alot of people think of monthly outgoings not whats coming in .....you need to go through a broker though so its secure .........my bro in law has just done the same with plumbing ill pick his brains costs etc next time i see him

 

[southernmonkey]

it will just give them 28 days to think of an excuse as to why not to pay you

 

[skimmin2day]

if things are already slowing down,then why squeeze your cash flow to 28 days + clearance.
no wonder your business is struggling if you think like that.
Sorry to be harsh mate,but you need this advice bigtime !!!
Dont do it.

 

[spunky]

sorry mate ive cocked up if you go to a good finance broker he might offer you the money up front and they will take the terms over 6 months etc

 

[FreeD]

I've thought of this before but soon binned the idea...to many legalities involved, high cost in setting up and running...plus its very risky to do in the building trade...for example caraacks appear in your plaster 3 days later due to movement...customer says not paying...you get the idea.

 

[rockhardsolidplastering]

yep dont even think about it get yer money as fast as poss end of