Money
Delinquent Accounts: The 3 Simplest Ways to Get Them Paid Fast
Nobody likes those words: delinquent accounts. Just hearing the phrase makes most business owners cringe. Delinquent accounts are synonymous with many things: a lack of cash, strained customer relations, losing sleep, unknown pay days, etc. etc. Delinquent accounts are something NO…
Money
Collection Call Script: Prepare Yourself to Get Paid
Immediately access the collection call script. When you have a customer who hasn’t paid you and you want your money (who doesn’t?), one of the most effective things you can do is get on the phone and call them. Although…
Money
Debt Recovery Solutions: Action Plan for Late Payment Excuses
Click here to immediately access one of our many debt recovery solutions: the free action plan for common late payment excuses. When you are looking to collect from a customer who’s check still hasn’t come in the mail (even though…
Money
5 Tips for Hiring the Right Collections Company
As your small business grows, you’ll be dealing with a larger audience and more customers. You can’t guarantee they’ll follow up on their end of the bargain with monthly payments, overdue fees, etc. When this happens, you may notice a…
Got Invoices?, Money
How the UCLA Research Administration Decreased Past Due Invoices (and How You Can Too!)
When the University of California, Los Angeles‘ research funding more than doubled over a 10-year period, they knew, without a doubt, that this was going to put tremendous pressure on their research staff. Unfortunately, the Provost of the school, Scott…
Got Invoices?, Money
How Collecting Invoices Is Eating Up Your Time
So, 73% of small businesses have had trouble collecting invoices in the past 12 months. What’s even worse is that these small businesses who deal with late payments are spending 6 hours a week chasing them. “Time is money” is…
Money
4 Types of Late Paying Customers and How to Handle Them Each
When it comes to late paying customers, no single one is alike. Each has a different excuse for not paying, which constantly keeps you on your toes. However, deal with enough late paying customers and you start to see trends.…
Money
How to Use a Sample Collection Letter to Make Sure You Get Paid
Reaching out to your customer once their due date has passed is like pulling teeth. Nobody enjoys doing it but it needs to be be done. However, the motivation of getting what you are owed should be enough to encourage…
Money, Receivables Management
Get Paid On Time: Your Receivables Starter Kit
You not only want you customers to pay you faster, but you want to get paid on time. Is that really to much to ask? No! However, it can’t be done without work, so it’s time for a little small business…
Money
Reduce DSO: Minimizing Your Days Sales Outstanding
There’s no reason to beat around the bush. Plain and simple, a lack of cash to operate with will literally kill your small business. In fact, poor cash flow management destroys businesses of all size, every year. What makes “proper…