Do not be an ostrich! Reach out and let your customers know what your plan is and how they can reschedule. Customers are very understanding, kind and supportive when you reach out to them and reschedule as soon as possible.
After the lockdown in the UK we faced long lead times and inflated prices when buying new stock. The 2nd hand market went through the roof when suppliers started panic buying before the season. Start planning your purchasing strategy now and beat the rush.
How stock Management works on Marquee Tech
Long term hire contracts have been a lifeblood to UK companies, ensuring cash is flowing in on a regular basis when weddings & events have been halted.
Ideals for long term hire:
Typically, in our industry a customer books via paying a deposit and then a balance invoice.
This creates huge gaps in your cash flow, which is made worse by COVID and rescheduling events.
To reduce cash flow issues we introduced payment plans for customers. By breaking the balance invoice into smaller regular payments you'll see an improved cash flow.
If COVID has taught us one thing, it’s that working from home is here to stay. Monaco Marquees switched during the March 2020 lockdown to Marquee Tech so that they could be on a modern cloud based system.
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