It seems every day another natural disaster is ravaging part of our country. Workers and companies are being stretched to their limits. The challenges created by these hurricanes and wildfires are overwhelming. With those challenges have come major opportunities.
The demand for companies and contractors to work on these Disaster Recovery Project continues to grow. Those that are currently working are being stretched to their limits. Pressure to get these jobs done quickly and efficiently means more crews, more shifts, overtime, and more supplies.
First is the clean-up. Nothing else can really progress until the debris is cleared. Then the numerous other companies come in for power, fuel lines, and water, in addition to roads, bridges, and, of course, buildings. At the same time the supporting companies must come in to provide food, housing, and transportation. The list is endless. This has created a demand throughout many industries for more workers and increased manufacturing of more products.
With these increases have come the increased expenses that have to be met in a timely manner. On top of regular overhead and expenses, are the additional payroll costs, supplies, and equipment. The need for money in the bank is a top priority.
You need to be working on your expanded workload, not worrying about payments and making phone calls to find out when you’ll get paid.
Consider using a factoring service, for Steady, Predictable, Cash Flow. Don’t let your erratic customer payments limit your opportunities.