13 Secrets to New Year’s Debt Collecting
“Nobody can go back and start a new beginning, but anyone can start today and make a new ending.” – Maria Robinson This year is about to end and this is the best time to plan what you want the coming year to be, especially when it comes to your finances. If this year hasn’t been too kind…
Debt-Free Holiday Tips for this Season
“Too many people spend money they haven’t earned to buy things they don’t want to impress people they don’t like” – Will Smith The Holiday Season tends to lure us all into getting into more spending and debt. Big-item buying and unplanned spending is as bad for personal as it is for business finances. Festive…
Joke of the Day: How to Make More Money in Your Business?
“Do not take life too seriously – You will never get out of it alive!” – Elbert Hubbard JOKE OF THE DAY: When the expensive photocopier in the office began to print black lines on every page, the office manager called a local repair shop where a friendly man informed him that the unit probably…
Cash Flow – Does Fear of Rejection Stop You from Collecting Debt?
“Consult not your fears but your hopes and your dreams. Think not about your frustrations, but about your unfulfilled potential. Concern yourself not with what you tried and failed in, but with what it is still possible for you to do.” – Pope John XXIII How does fear from rejection stops your business cash flow…
#1 Secret of Every Success – Self Motivation!
What to do when everything you do seems to be failing? #1 Secret of Every Success is Self- Motivation! We all experience times of adversities and big challenges. The difference between a great fall and a great success is the amount of motivation you find in yourself and build it up to take over the…
Find How Your Business Really Compares to Others?
“Whenever you find yourself on the side of the majority, it is time to pause and reflect.” – Mark Twain ‘Good Bad Ugly Business Fitness’ research is one of the largest and longest running study and provides invaluable benchmarking data about the Australian businesses. Each year it is read by thousands of businesses and…
5 Tips for Preventing and Dealing with Non-Paying Clients
Courtesy of Small Business Success Blog Late or non-paying clients are a hard fact of business. Small businesses in particular are vulnerable because they lack the accounting and legal resources to deal with these customers, with collections falling squarely on the shoulders of the business owner. Likewise, smaller firms and sole proprietors eager to acquire…
7 Effective Bad Debt Risk Management Steps for Your Business
“Diligence is the mother of good fortune. ” – Benjamin Disraeli The best thing you can do for your business cash flow is to have in place an effective bad debt risk management policies and procedures. This would allow you to first manage risk rather than bad debt. It is much easier to be proactive…
Debt Recovery – Benefits of Outsourcing Professionals
“I must govern the clock, not be governed by it. ” – Golda Meir Why chase bad debts yourself when you can have a debt management expert doing the work for you? These days, outsourcing debt collecting professional can solve many problems in your credit system and will save you time and money short…
Small Business – 3 Credit Management ‘Must Haves’
“A man is usually more careful of his money than of his principles” – Oliver Wendell Holmes If you’re a business owner or someone who is involved in business accounting, you know how hectic the last month of the financial year could be. In Australia, June is the month when huge things happen in accounts…