The FAQs are very informative and serve as benchmarks for us newbies in the biz. In terms of my very limited experience (one month pa lang of taking over a four-year old going concern) one problem I’m encountering (which I didn’t forsee to be that significant - tinanggap ko na lang!) are the breaking down of the four-year old washers and dryers. The dryers were the first to go then now, one of the washers. Repair expenses are beginning to pile up kaya I’m thinking of buying a new washer in the next few months to ease the pressure on the old ones.

Another problem is the cash flow. Based on job orders, we expected a net income but I soon found out that only 60-65 percent of the job orders translate to cash receipts. Matagal makapaningil kaya for the past three months of monitoring (of which one month pa lang akin), cash receipts were not enough to cover expenses. For the month of February, cash receipts were not enough to cover the month’s rent (kasi nga napunta sa repairs/maintenance of the two dryers and now one of the washers). I told my staff to start following-up on the overdue amounts and start collecting, or else

Ben

i hope your technician is honest and not one that invents or “plants” repairs for your machines.
meron kasing ganun. and for a 4 year old maytag machines, hindi dapat ganyan kadalas mag bog down yan. my maytag dryers are now 6 years, so far they serve me well.

one thing i do pag merong over due account sa shop is i charge storage fee. that is a clause written in my job orders. sometimes i also forfeit their items and put it up for sale. that should cover a portion of my expenses.

I hope you’ll be able to pull up the business,

Good Luck!