It’s a fact of business that some clients will not pay in a timely manner. Perhaps they’re grappling with an unexpected financial stress; perhaps they’re simply poor at financial planning. Whatever their reason, this is not merely an inconvenience – chasing old payments costs your business in time, money, and lost opportunities. These expenses are…
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Did you make any resolutions for the New Year? Maybe you want to save money, eat healthier, or spend more time with your family this year. Those are great goals! Now how about your business? Did you make any business growth resolutions to help move your operation forward in 2011? If you did, what did…
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Debt Collection Agencies don’t make headlines that often, but when they do, it can be shocking! Here’s one scary example: “Debt Collector Sets Up Fake Courtroom to Collect Debts.” Such headlines give the debt collection industry a bad reputation and might even make a business owner question whether to use them. You’re right to be…
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We pointed to some desirable qualities of a professional collection company in the post: Debt Collection for Improved Profit Recovery and Client Retention. Taking the Fair Debt Collections Practices Act (FDCPA) to heart is in part evidenced by results pointing to the company’s commitment to ethical standards. And that’s just one piece of walking the…
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Difference makers are everywhere. We can point to the stars of the latest World Series championship team, the San Francisco Giants as fresh proof. Players like Edgar Renteria smashing a 3-run homerun to win the series in just 5 games over the Texas Rangers comes readily to mind. And then of course there’s “The Freak”…
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Late payments and bad debt are not only frustrating but they can impact your business and disrupt cash flow, causing undue pressure and financial hardship. Here are seven strategies that can increase your debt recovery and keep your cash flow moving in the right direction. Preliminary Credit Check: Before granting credit to a customer, whether…
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