Advice for Businesses

What do our sales professionals hear?

Our team is on the phone just about every day talking with business owners and others that may be responsible for keeping a business profitable. While some may call them sales professionals because in the end, we are trying to gain them as a client, they are also problem solvers at the core. Yes, they talk about how our system can help their business when it comes to cash flow and as a collection agency, that is what we do.

But they also listen intently to hear what those potential clients are saying and what their areas of pain are in a small or medium sized business. When we listen, our team can do a much […]

2021-04-03T15:13:10-04:00September 3rd, 2019|Categories: Advice for Businesses|

What are my best resources for staying profitable?

There are many ways your business can increase profits and hopefully increase cash flow by doing so. As a collection agency that specializes in working with all types of business, we are always fielding questions from concerned business owners and others about their lack of cash flow and in many cases, lack of profits. It’s a question we get often.

How can I increase the profits in my business?

There are many ways to increase the profits in your business. Some are right in front of you and others need a little searching but if you’re committed and stick to a process and, get the proper resources, you’ll be on your way to increased profitability.

2021-04-03T15:05:29-04:00August 20th, 2019|Categories: Advice for Businesses|

You should be able to answer these questions about your business

Running a business is much harder than it looks. If you see all these gurus on social media telling you that you can make millions sitting on a beach and never worrying, you should be careful of what they are telling you because in most cases, it’s just not accurate. Do some people make money while enjoying the sound of crashing waves? Yes, but if they’re smart, they are still keeping a pulse on everything.

They know their numbers, know what their customers and clients need and don’t need, and they are well tuned in to the health of their business. If they don’t know these facts and figures, they’ll be out of business before they […]

2021-04-03T15:59:17-04:00August 12th, 2019|Categories: Advice for Businesses|

We listen-plain and simple

For my upcoming summer vacation, my family and I are going back to my hometown to visit some family and see some sights.  In planning the trip, I’m reminded of when I started my career there over 20 years ago.  A career that has taken me from New York to California, and ultimately Michigan.  A whole lot has changed in my life over the span of my career, and a lot has changed about the Collection Industry as well.

It still astonishes me that we were able to be efficient at our jobs back then without the internet.  In fact, I remember a time when the office had only one computer, and that was a big […]

2021-04-03T14:58:30-04:00August 5th, 2019|Categories: Advice for Businesses, Team APR|

The dangers of waiting too long to collect

We have the opportunity to speak with all kinds of businesses and potential clients when we are out and about. When we represent American Profit Recovery at trade shows and other exhibitions, we are speaking with entrepreneurs and others all day long. We love hearing about how business is going and how they’ve grown their organizations.

Some of these professionals have everything in order with their accounts receivables and have the systems to get paid. And some even have a collection agency they use for difficult accounts. A smart move.

But some we chat with could be doing far better in the area of basic accounting and getting paid for what they do.

Our team recently encountered a […]

2021-01-31T15:04:41-05:00August 1st, 2019|Categories: Advice for Businesses, Collection|

What can other companies learn from this collection agency?

When you think of a collection agency, what are your initial thoughts? As a consumer, you might have much different views of collection agencies than a business owner that needs to get paid on time. Even if that consumer has never dealt with being in collections, they might have already formed an opinion based on media coverage, nightly news magazines and how others talk about their experience.

As that business owner or other executive in charge of payments and cash flow, you might have your opinions of the debt collection industry as well. One of your beliefs is that it is just part of doing business. You need a collection agency to help your business get […]

2021-04-03T15:09:06-04:00July 29th, 2019|Categories: Advice for Businesses|

What NOT to do when customers don’t pay you

One of the most frustrating parts about running a business of any size is when customers don’t pay on time or, pay you at all. You spent untold amounts of time securing these customers, building your reputation with them and then servicing them for long periods of time. Then one day, they fall behind and you’re not getting paid.

Maybe it was an oversight and maybe it’s more than just that. Sometimes your customers decide they didn’t like the service for whatever reason, and they stop paying. Other times, your customer might be going through a difficult period and they just need a solution to their debt problems. You’ll never know unless you begin the communication […]

2021-04-03T15:26:25-04:00July 25th, 2019|Categories: Advice for Businesses|

Any Reader…..will tell YOU

Remember This. Short of rote memorization the population at large is not terribly good at memorizing long lists of unassociated information. So barring an overactive or enlarged medial temporal lobe it’s going to take Hard Work and Dedication to pull it off. A narrative, storytelling is one tried and true Life Hack that works well in accomplishing the dedication of information to your long-term memory. […]

2020-09-18T10:03:02-04:00June 18th, 2019|Categories: Advice for Businesses|

Ways to protect your business from fraud

You think you trust everyone on your team, and you’d like nothing more than to have that trust with everyone. Trust is one of the things that creates a positive workplace and helps to build company culture. Which in turn, helps an organization grow.

how to prevent fraud in my business

As a collection agency, we hear the struggles of businesses all the time. Lack of cash flow, customers not paying on time or paying at all. When it comes to losing money in that way, it is easily detected. Just match up your invoice with your receivables and you should be able to decide if […]

2021-04-03T14:56:39-04:00June 13th, 2019|Categories: Advice for Businesses|

How to protect your good reputation as a business

Have you ever heard people say, “I don’t care what people think about me?” Sure, we all have. For some, what others think about them doesn’t seem to register and it doesn’t bother them in the least.

But have you ever heard a person say that about their business? We hope not but we’re sure there’s a few out there..

Whether you like it or not, what people think about your business is a big deal and it should concern you every day. Just about every move you make can make an impact on what people think about your business and your overall reputation.

Your good reputation can make the difference between having an okay year to having […]

2020-11-30T16:32:29-05:00June 11th, 2019|Categories: Advice for Businesses|
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