There is a Chinese proverb that begins with “The best time to plant a tree was 20 years ago.” Does that resonate with you the way it does with me? Think of all the things you wish you would have done much sooner or more effectively. Now, think about your business, its cash flow and…
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…
Consider your AR balance. Is it higher than you’d like in these difficult economic times? Managing positive cash flow and client receivables is a vital aspect of running a successful business. And, if you’re like most businesses, maintaining good client relations, keeping your customers happy and coming back is also a top priority. Unfortunately, without…
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”…
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…
As a business owner, it is understandable that you want to serve or sell to as many customers as possible. You have probably also worked very hard to build a relationship with your customers over time. One thing you have worked even harder doing is building your business and becoming successful and profitable. One way…