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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Maintaining a sound financial footing in the midst of our sluggish economy and Congress’ recently passed tax bill can be a real challenge for small business owners, especially during budget planning season. Highlights of the Tax Hike Prevention Act of 2010: Adds $858 billion to the national debt Two-year extension of Bush-era tax cuts Extends…
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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…
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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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