The Importance of Days Sales Outstanding and Its Impact on Your Accounts Receivable Getting your customers to pay their balances in a timely manner can be a challenge in just about any industry, and pest control is no exception to the rule. In addition to being frustrating, outstanding balances can quickly add up and impact your cash flow. Needless to say, minimizing the time you wait to get paid is crucial to running your business…
As a business owner, you likely don’t look forward to having to increase your prices. After all, increasing prices can lead to frustrated customers and logistical headaches internally — at least it can if you don’t handle things correctly. The reality is that price increases are sometimes a necessary part of doing business and can’t be avoided. The way you plan for and carry out price increases, though, can have a dramatic effect on how…