I decided to go totally Commercial Only last year.I had a few good accounts that never paid later the longest receivable being 30 days. Most paid in under 2 weeks.
But Ken is right on all his points. You need a nest egg of cash and if something gets screwed up in their accounting your 30 days into the problem before you start working on it.
I used to do residential and commercial but after having my helper call in sick a couple times and doing whole house during 101 degree temp and extremely high humidity I said this is it. My area is Atlanta and most all the houses are 3 stories and everytime I'd clean,even though they booked 3 rooms and a hall they request me to do the whole house after they saw results. Not bragging cause I really didn't want to do it. If it was like a buddies area in N.C. where most everything is 1 story I'd still be doing residential.
The main disadvantage that I see is no walk around cash, everything gets recorded you do work odd hours but for me this is good as Atlanta traffic is terrible. If you lose a big account you rely on, it can cripple your business
The advantages are; Scheduled Work, I go in once a month so I get lots of time off to do things.
Great money as my accounts are larger.
No nit picking they look at the overall appearance of the carpet and not walk around staring at every square inch looking for problems
Much Much easier no back and forth to the truck, unload machines, take elevator to areas clean, elevator again clean, etc, all air conditioned.
After a few years and you want to maybe semi retire you can pick a few that are good accounts and just service them bringing in a steady monthly check.
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The JAGUAR 6.6 --"A TRUE INDUSTRIAL SYSTEM"; not a generic squirt & suck!