How is a business owner sinking under ever-expanding receivables supposed to respond to our country’s current situation? The recession shaved 11% off American’s median income before it officially ended in 2010, and according to the Federal Reserve the first three years of “recovery” shaved off another 5%. While the wealthiest 3% saw their share of…
DetailsHVACR Business Magazine recommends that you always know the ratio between your accounts receivable and your accounts payable to make sure you can see a cash flow problem coming. That’s an excellent plan, and in order to know what to do if – or, realistically, when – you see that problem on its way let’s…
DetailsDental Office Managers know how important it is to keep receivables as low as possible, but sometimes actually collecting outstanding debts can seem counterproductive from a business development point of view. What’s the solution? Setting appointments, answering phones, ordering supplies, and problem solving any negative trends (such as declining cash flow) are all full time…
DetailsHere it is June and many young men and women will stroll across stages at colleges all across the country to receive their hard-earned diplomas while Mom and Dad wipe back tears of joy, and relief. Their sons and daughters will be moving into the job market, getting married, buying homes and raising families. At…
DetailsHere it is June and many young men and women will stroll across stages at colleges all across the country to receive their hard-earned diplomas while Mom and Dad wipe back tears of joy, and relief. Their sons and daughters will be moving into the job market, getting married, buying homes and raising families. At…
DetailsSo you’re stuck in a Catch-22: To obtain new contracts you need the latest technologies. To get the latest technologies you need to make capital investments. But to make capital investments you need new contracts… What do you do? The best news first: the economy actually is recovering and there really are new contracts to…
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