The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

EXECUTION Service-to-cash cycle time

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

What is your typical service-to-cash cycle time?

  • Less than 1 day

    Votes: 4 57.1%
  • 1-5 days

    Votes: 1 14.3%
  • 6-15 days

    Votes: 1 14.3%
  • 16-30 days

    Votes: 0 0.0%
  • 30+ days

    Votes: 1 14.3%
  • No idea

    Votes: 0 0.0%

  • Total voters
    7
  • Poll closed .

c-bo2021

PARKED
Read Millionaire Fastlane
Feb 6, 2021
9
0
4
For business owners running a service business, what is your typical service-to-cash cycle time (the time between service delivery and receipt of payment)?
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Johnny boy

Legendary Contributor
EPIC CONTRIBUTOR
Speedway Pass
May 9, 2017
1,130
5,203
1,277
24
Washington State
A month in advance.

Customer signs up for recurring services contract for 12 months, gets billed immediately for the whole month, and work starts after payment is successful, which continues for 12 months and customer re-signs for another year and if they cancel, they pay a 2-month cancellation fee. All non-payers are assumed cancelled and their two month fee is sent to court. Employees are paid 2 weeks after the work is done. The gap between when we get paid and when we pay for the labor is a month in our favor.

7d9e5f03569e2236f024a304053d6868--book-jacket-to-create.jpg
 

Sponsored Offers

MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
If there’s one thread I see repeated over and over again on the forum, it goes like this: “I...
  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Any scholarship programs for those who can't afford the course? Broke but need this course :)...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
It's an affiliate link, so it's hard to give those up! The affiliate links are automatically...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
A week ago someone asked if one of my courses is still relevant (referring to the Upwork...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Thanks for clearing that up. What do you recommend for those who are still in the process of...
  • Sticky
MARKETPLACE Kill Bigger Incubator
I have not offered one of these in a while, but it looks like I have time to take on an...

What are Fastlaners Currently Reading?



Forum Sponsor

Grow an online business:
- Start immediately!
- Master business skills!
- 100+ Fastlane students enrolled!
Review & Details >

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom