Losing Your Business Chasing Storms

​Considering chasing storms or pursuing catastrophe work?

Feast upon this snippet from The DYOJO Podcast Episode 98. In this clip, Jim Thompson shares his perspective on how to set yourself up for success on a large loss.

"You can lose your company on a large loss. You do a three or four-thousand-dollar loss and then you sacrifice your credit line, you borrow money from your friends and family, you hock your truck, or you do anything to get that loss done, but then you don't do it right. Not that you don't do it right technically but politically. Then the adjuster plays the 'let's make a deal' and doesn't want to pay until 90 days later. It's a risky business. But you can protect that risk by doing things the right way."

Thursdays are for The DYOJO Podcast - Helping contractors shorten their DANG learning curve. 

• Watch the full episode from The DYOJO YouTube 
• Read more from Jim in his book "My Life Is One Disaster After Another"