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Michael from Success for Others discusses the importance of maintenance agreements for in-home service businesses. He emphasizes that cash flow is essential for operating a successful company, supporting both employees and customers. Maintenance agreements significantly enhance a company's cash position, yet many service companies overlook them or believe they are not profitable. Common misconceptions include viewing maintenance agreements as loss leaders or citing a lack of time during peak seasons for servicing these contracts. Michael advocates for the critical role maintenance agreements play in financial stability and operational success.
