At the end of 2013, Americans owed over $11.5 trillion in debt, with about 70% of the money owed in the form of mortgages.¹ Since there are an estimated 243.4 million² adults in the country, that’s an average of over $47,000 per person. At that same time, about 5% of the total balance owed was…
DetailsRunning a business is difficult. It requires a lot of your time, money, and effort. Something that can make successfully running your business even more difficult is always having to chase down debts owed to your company. On top of all your other responsibilities, you may come to find that you just don’t have the…
DetailsCheck out these 5 Benefits to using a collection agency. Every company who allows payments or invoices on a 30-45 day cycle will have some debt owed to them from customers. This is considered your Bad Debt on your profit and loss statement. Collections can be managed by an internal employee or outsourced to a…
DetailsStay Focused 9 Tips for the New Business Owner It is so easy for the first time entrepreneurs to feel the need to follow every shiny penny. As some say “Squirrel” because some areas easily distracted as watching squirrels run across the road. Stay focused and productive. Better to do one thing well than several…
DetailsFriend or Foe? Collection Agencies typically don’t have many fans, however they are an integral part of our economics Most don’t have savings at hand to go purchase larger purchases so we take out loans and borrow money from lenders. Of course with do this with the good intentions of paying that back. Then all…
DetailsLet’s look at what it takes to create the power of a clean office. It doesn’t matter if your office is in-home or in a commercial location it is important to keep in clean and uncluttered. First of all if you are entertaining clients at your location you need to make sure your desk look…
DetailsYou Can’t Hide From Debt Collectors… If you are under the misnomer that it is difficult to find information on you, let us put that to rest as it is quite simple today. Go to Google and put in your name and you will be shocked all the information that populates. They can find out…
DetailsWhile many people have heard of collection agencies, and even have had to work with them before, not very many people know exactly what collection agencies do or what they have the capability to do. Check out these four facts about the role collection agencies play for business owners.
When running your business, you have so many things to worry about on a daily basis. Let a collection agency worry about getting the money you are owed so you can continue running your business effectively.
Ways to protect your cash flow. Cash flow can make or break a business. Always know the exact amount of cash in each of your accounts. No guessing! Take your total from your accounts and deduct all the checks and debits you have written to get an exact balance. Figure your cost of…
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