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In this video, Michael from Success for Others discusses the importance of maintenance agreements in home service businesses. He emphasizes that cash flow is crucial for sustaining operations and supporting employees and customers. Maintenance agreements significantly enhance a company's cash position compared to other offerings. Despite their benefits, many service companies either do not offer them or underestimate their value, often citing excuses like their status as loss leaders or the time constraints during peak seasons. Michael encourages businesses to reconsider these agreements as vital assets for their financial health.
