Deposit Power: Safeguarding Success

 Ever been stuck in a garden with a financial weed problem? In this episode, we’ll unearth the secrets of maintaining a flourishing landscaping business. I'll take you through the winter chill and the warm embrace of solid cash flow strategies.    Why you should take deposits!  Because in the frosty days, when gardens hibernate, your cash flow shouldn't. But here's the twist: some folks still shy away from this golden rule. There are clients who perform the vanishing act, leaving your business hanging. But, guess what? If you've got a deposit, that's a shield against garden ghosts.   Let me share my magic number – 25%.  It's not just a deposit; it's a fortress. Large enough to deter cancellations, sturdy enough to cover the initial project costs. But if they opt out, the deposit in hand will be yours, it's a win for you! Cash flow is always on the tip of my tongue. It's the king, the emperor, the regent of all businesses. So, learn the art of deposits, and watch your financial garden bloom.   In a world where people try to save a buck, clients may test the waters. Let me share my own "client tests." Did they want to pull out? Sure. Did I hand back deposits? Not a chance. Hold your ground! As I recall, clients are sometimes just trying it on, seeing if you'll dance to their money-saving tune. Spoiler alert: you don't have to!   I experienced a a client who played hardball with the deposit. A friend of a friend, a local job, and a whole lot of drama. Lesson learned? Stick to your guns. I, in my wisdom, even lowered the deposit and got tangled in a payment saga. Low deposits can haunt you.   Entering my paperwork wonderland Take note of the magic trio: client paperwork, terms and conditions, and payment schedules.  My secret? Chunking it up. Like a well-planned garden, each payment aligns with the project timeline. It's not just a payment schedule; it's a symphony of cash flow, a masterpiece of financial gardening.   One last tip, charge for site visits. It won't make you a millionaire, but it's a ticket to the right clientele. After all, those who invest in you tend to stick around.   Let's cultivate our cash flow one deposit at a time. Because in the kingdom of landscaping, cash is not just king; it's the unrivaled ruler.   Want help with any of this? Drop me a DM, email or book a time on my online calendar for a call just head to my website.    The Landscaper’s Coach & Podcast Call us on: 02381 800 102 Email: [email protected] Send us a DM on Instagram with any questions you might have @thelimitlesslandscaperspodcast. Follow TLC on Instagram: @TheLandscapersCoach Follow our Podcast on Instagram: @thelimitlesslandscaperspodcast Follow me! Paula Warman on Instagram: @warmanpaula Website: https://www.thelandscaperscoach.co.uk