Cash Management Secrets

What Collections Agencies Don't Want You to Know

Wed, 05 Nov 2008 09:59:28 -0500

If you've been successful in business it's likely your local neighborhood collections agency has come to visit. What about those promises they make to collect, while you only pay for results.

How to Eliminate Collection Costs

Sat, 25 Oct 2008 09:49:46 -0500

If you've gotten started with a cash collection system in your own business, congratulations. If not, here are some insights to help you get going at no cost to your company.

Getting Started with a Cash Collection System

Wed, 15 Oct 2008 07:30:22 -0500

If you can't trust every customer to pay on time and salvage yards will hurt customer relationships, what is left? Progressive businesses have moved towards the Cash Collection System model.

Extending Credit Without Getting Burned

Sun, 05 Oct 2008 08:58:11 -0500

With all the talk of "Financial Economic Crisis", it seems time to stop extending credit, right? The truth is that in many industries this just isn't possible, and even if it is possible for you, it is not advisable even if an account is overdue.

How to Collect Past Due Money

Sun, 28 Sep 2008 08:37:16 -0500

In the 1990's when my clients owed me more than $325,000.00 in receivables, I got a hard lesson on collecting past due money. Cash Management Secrets is about helping you avoid the mistakes I made. Here are a few tips to get you started:

When Even Honest Customers Don't Pay

Thu, 25 Sep 2008 08:49:46 -0500

Most of your customers are honest hard working professionals, so why are their so many problems getting paid for work you do. You'll often get stung by your best customers if you don't understand what I'm about to share here.

Different Types of Collections Agencies

Thu, 18 Sep 2008 09:40:23 -0500

If using collections will bring in late accounts at a lower cost then addressing the issue in house, then which type of collections firm do you use. Here are some of the different types of collections agencies and why you might consider each.

Changing World of Business Credit

Mon, 15 Sep 2008 10:44:26 -0500

Remember, "The Little House on the Prairie"? I saw a re-run on a station my kids were watching, and it took me back to when I used to watch it as a kid myself. But what does that have to do with business credit and collections?

Handling Late Business Accounts That Lie

Mon, 08 Sep 2008 08:05:33 -0500

It is bound to happen in today's economy, a customer requests an extension. They are willing to talk with you, never avoiding your calls, but you still never see the check. Why is it that so many late pay accounts lie?

Build In Burden when Bidding Contracts

Sun, 31 Aug 2008 14:35:21 -0500

Not every contract is a profitable one, especially when you aren't considering the true costs of production. Not knowing a companies burden rate gets more business-to-business firms in trouble than anything else. Why is "burden rate" so important?

Your Money Best Friends

Fri, 28 Dec 2007 23:02:56 -0500

Do you know the three most important reports you'll ever use in cash management? These reports are your money's best friends in all areas of business finance. What reports am I talking about?

Your Most Valuable Asset in Business

Sat, 08 Dec 2007 09:12:06 -0500

If you're like so many business owners, only concerned with what your employees are doing, then you are missing out on what could be the hardest working asset in their organization. What is that asset? It is ...

Who Should Care About Cash Management

Wed, 31 Jan 2007 11:56:47 -0500

Cash management isn't just for bean counting types to worry about. Too many business owners and sales managers focus on the wrong "numbers game" and drive good businesses into the ground.

Know What You Want Before You Start

Wed, 20 Dec 2006 16:48:10 -0500

There are many valuable things cash flow can buy but none so sweat than that which you desire. Too many business owners focus on, or are distracted by getting the cash flow rather than what the cash flow brings them.

Your Collection System For Maximum Cash Flow

Mon, 18 Dec 2006 12:25:52 -0500

To maximize cash flow from the money you're already earned its critical you have the right collections system for your type of business. If you choose the wrong system, or worse, no system at all, you'll handicap your ability to get your receivables quickly.