FG Philosophy & News, Money

Calling Before the Due Date: How Proactive Contact Could Get You Paid on Time

Editor’s note: Pss…we have FREE call scripts to help you on your collection calls HERE In a perfect world, all of your clients would send you timely payments for each billing cycle. You could send out invoices, and the payments…

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Management

Benefits of Using a Professional Employer Organization (PEO)

Every small business owner wants to offer the best possible benefits package to their employees. After all, employees that receive a strong benefits package are more likely to be happy in their job than those who do not, which means…

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FG Philosophy & News, Money

Sending a Severe Letter to an Unresponsive Customer

When you have attempted to contact a delinquent customer for a while and gotten poor excuses – or no response at all – it’s time to turn to a severe letter demanding that your client take action. The best way…

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FG Philosophy & News, Money

The Final Countdown: Last Minute Collection Letter Tactics for Severely Delinquent Customers

There will always be those customers who don’t seem to want to pay, no matter how many invoices or well-crafted reminder letters you send. Hopefully your business can avoid these people, but if not, here are some tactics to help…

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FG Philosophy & News, Money

How to Craft the Perfect Initial Past Due Reminder Letter

Sometimes important obligations slip through the cracks. It happens to all of us: a forgotten phone call we promised to return, a utility bill payment that gets sent a few days late, an overlooked anniversary. Similar mistakes are bound to…

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Management

Tips for Improving Employee Engagement in Your Organization

On any given day, there are a number of things that every business owner needs to focus on. It could be internal processes such as sales and marketing, or perhaps providing the best possible support to customers and clients. One…

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FG Philosophy & News, Money

4 Steps to Create a “Firm” Letter for Your Late-Paying Customers

As a business owner, there will come a time when you need to be harsh with a client about a late payment. The best plan of action is to have a template all ready for yourself that you can use…

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Money

Non-Payment and Risk-Shifting in the Construction Sector

Getting paid can be hard for any business, but getting paid in the construction industry is especially difficult. Learning how to implement a strong receivables management program is crucial when it comes to getting paid, and getting paid on time.…

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FG Philosophy & News, Money

How to Use Sterner Language in Your Collection Letters

Asking for money can be uncomfortable, so having a plan for how you communicate at each stage of the collections process can alleviate stress. You should have a dunning letter template on-hand that you use when a client still hasn’t…

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Management, Money

Seven Sicknesses of Financial Management

Every business owner understands that cash flow is the lifeblood of his business. It follows that maintaining a healthy business means ensuring that cash flow is not interrupted because, interruption spells the death of the enterprise. Sound financial management is…

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