Why should my business use a collection agency?
Businesses are sometimes hesitant to use a collection agency because of the less than favorable media attention our industry gets from time to time. However, if you work with a reputable collection agency that focuses on morals and ethics, there are clear benefits to having them by your side when trying to get paid.
Using a collection agency can preserve the relationship between business and customer. Getting help early in the process of collections will lay the groundwork for a faster resolution and will give you an improved chance of keeping your customer for the long term.
A reputable agency will not only take over the collection of accounts you give them but will also give you […]
New Year Business Goals
Aside from making New Year’s resolutions in your personal life, you should make a New Year’s resolution for your business to keep a better eye on your cash flow. You might think you have a handle on it, but there is always room for improvement.
Cash flow is the key to every successful business. Keeping track of your receivables is something you don’t want to let slip.
Here are some things to consider:
1. Who owes you money? : Get a firm handle on who owes the business money and create a plan to get your customers current. Always pay close attention to your outstanding receivables.
2. Review your procedures for getting paid: Take a hard look at what […]
What are the “Bitcoins” everyone’s talking about?
By now anyone who peruses the internet in their fee time has come across an article or two about the trendy new digital currency, Bitcoin. According to USA today there are $7 billion dollars worth of Bitcoin in circulation around the world, however marketplaces to spend them in the US are limited.
So what is it?- Bitcoin describes itself as cash for the internet. They are primarily a digital currency but physical Bitcoins are minted. Being that its roots are firmly imbedded in the virtual world, don’t plan on carrying this coinage around in your pocket anytime soon. Any user who wishes to start exchanging this new form of currency can simply download an app (appropriately […]
Small Business Saturday Advice
Small Businesses are the heart of the community, they benefit the economy, and provide jobs and we dedicate a day just for them on Small Business Saturday. This year this day is Saturday, November 30th and it is coming fast. Here at APR we work with many small businesses every day, and one thing that we hear is that they have a hard time getting paid on time. On time payment is critical to these small businesses that rely on these payments to keep their business running.
Many of these business owners are managing many tasks at once, including accounts receivable, and we know that when working with us their number one priority is getting […]
Get Involved in Small Business Saturday 2013
Small Business Saturday is November 30th this year. These small businesses are an important part of our communities, and our economy. This is a great day to get out, get involved, shop local and support these businesses.
APR works with many small businesses and as Small Business Saturday gets closer we wanted to share some advice for those local small businesses on how to make the most of this day dedicated to you.
Use Available Resources: American Express founded Small Business Saturday in 2010, it is a day dedicated to supporting small businesses across the country. On their website they have many resources (most are free) that can help you promote this day in your business and […]
Holiday Shopping Survival Tips
Holiday Shopping Survival Tips
With the holidays fast approaching and the Black Friday ads and pre-Black Friday deals coming out in full force, it is EASY to get caught up in the Holiday buying frenzy. A few tips to keep in mind while out about shopping will ensure that you survive through the Holiday Season without getting deep into debt.
- Make a Budget and stick to it! How often can this be drilled into our heads? But the truth of the matter is that unless you have a limit in mind and stick to it, you will go over what you can afford and once the Holidays are done, be stuck with worrying on how […]
How can a small business save money?
As a collection agency we are in the business of helping you get money you are owed, but we are also asked how a business can save money. How to save money is something the APR team is regularly asked by our clients, which is why we created this video. Here are the main points to consider when looking to save money in your business.
Have an annual budget:
-Do a budget every year
-Review on regular basis
-Knowing your numbers helps you save money
Pay your bills on time:
-You could be paying hundreds in unnecessary fees
-Check to see if your vendors offer discounts for early payments
Send out Invoices on time:
-Invoice for your services on time
-If you invoice […]
It’s all about the Benjamin
It’s all about the Benjamin
Earlier this month the Federal Reserve began injecting the newly designed $100 note into the money supply. Now for those of us who are avid followers of @federalreserve on Twitter, this news was dropped in real time on October, 8th #TheFed, but for everyone else here’s the scoop.
According to Jerome H. Powell of the Federal Reserve Board of Governors, “The new design incorporates security features that make it easier to authenticate, but harder to replicate.” Powell went on to say that “As the new note transitions into daily transactions, the user-friendly security features will allow the public to more easily verify its authenticity.”
