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Cash Hoarding
Manage episode 384923815 series 3429503
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Ever had a customer reach into a gun safe overflowing with cash to pay for a service call? We've got a cracker of a chat lined up where we share our bemusing and sometimes perplexing experiences with customers doling out large amounts of cash for our services. From navigating the logistics of hefty bank deposits to the discomfort of possibly handling counterfeit money, we dive deep into this emerging trend that's got our brains buzzing.
More than just an unexpected change in customer behavior, we grapple with the implications this trend has on our financial reporting and business operations. We're not out here on a mission to cook the books and with this surge in cash payments, it’s more than just a bit of a headache. Whether it's the anxious moment of holding tens of thousands of dollars or the cumbersome need to make multiple bank deposits, we're certainly in some tricky territory. Tune into our chat and discover how we're maneuvering through this fascinating conundrum.
Send us your feedback or topic ideas over on our social channels!
Eric Aune @mechanicalhub
Andy Mickelson @mick_plumb
Check out our website: mechanical-hub.com
301 episodes
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