Priming Your Business for Success After COVID-19
Back in January 2020 nobody could have predicted how COVID-19 would pull the rug out from under so many small businesses. As the dust finally settles and the recovery begins, we’re still waiting to see the true extent of the economic damage inflicted by the pandemic.
COVID-19 caught many HVAC contractors flat-footed by hitting them in the first quarter when cash was already in short supply. Cash has always been king, but now it’s the single most important thing contractors must focus on. It sounds obvious, but you can’t afford to run out of money.
So, I challenge all HVAC dealers and contractors to make sure you are profitable every single day and keep driving profits to the bottom line. You need to build up enough working capital to get through future downturns and preserve your team.