Collecting receivables is an important step in ensuring a healthy cash flow for a business, and more so for a home-based business or solo entrepreneur. However, account receivables collection is a time-intensive process that most small businesses just don’t have the time, know-how and energy to pursue. Learn how to choose the right collection agency to work for you.
It is so hard to get a loan these days as banks are tightening their credits. And so should you! To help ensure that your business survives, you need to reassess the way you manage your accounts receivables. We have posted an excellent article by Jennifer Stacey on how small businesses should manage their accounts […]
With the current state of the economy, many small businesses are struggling to get paid for the products and services they provide. Learn 10 tips to help small businesses address their receivables problem and allow small businesses to enjoy the holidays.
We are in business to provide customers with our products or service — and get paid in return. But what if the customer does not pay? How should we collect on the payment? What are our options? According to the book “The Law (in Plain English) for Small Business,” we basically have three options: 1. […]
The authors of the book The Maui Millionaires, David Finkel and Diane Kennedy, continue their exploration for amassing wealth in their new book “The Maui Millionaires for Business. The publishers sent me an excerpt of the book, which focused on how entrepreneurs and business-people can successfully solve wealth challenges. According to the book, here are […]
One of the common problems of many small and home-based businesses is ensuring that they get paid for the products provided or services rendered. I’ve seen this first hand with the lawnmowing/tree services company that we hired for our home. No, the problem is not with us :o) but in the way they try to […]
“If it can be manufactured, it can be leased.” For the past decade or so, this statement has become more and more true to fact. From computer software to commercial aircraft, equipment leases are utilized day in and day out in a constantly changing and highly aggressive business environment worldwide. To gain or to keep […]