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In this video tutorial, Michael discusses the importance of maintenance agreements for in-home service businesses. He emphasizes that cash flow is crucial for business sustainability, as it ensures the company can meet its obligations to employees and customers. Maintenance agreements significantly enhance a company's cash position, more than any other offering. Despite this, many service companies either do not offer or undervalue maintenance agreements, often citing excuses such as them being a loss leader or lacking profitability. Michael expresses his disbelief at these attitudes and highlights the potential benefits of implementing such agreements in a service-oriented business.
