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How well do you know your business numbers?

This year, one of your main goals should be to understand everything about money when it comes to your business. It is just about the most important task you have as someone in charge of a business. Failing to do so can cause a chain reaction and force you to make financial decisions you might not otherwise make if you did have a firm grasp on the financial health of your business.

“I need to find a collection agency fast for my business. Or, “I’m looking for a collection agency to help me get paid.” We hear this all this time and in many cases, it’s because a business owner didn’t take the time to pay […]

2020-11-30T16:36:28-05:00January 16th, 2018|Categories: Advice for Businesses|

Start the year with an eye on cash flow

New Year’s resolutions come and go both in our personal life and in business. Everyone says they are going to lose weight and join a gym in the new year. But for many, they seem to have difficulty meeting their own goals. And then in business, we set aggressive and sometimes hard to reach goals that only frustrate us right from the start.

The new year does provide us with a little motivation to get things done. After all, gyms are running membership specials, motivational gurus are putting their programs on sale and the media are putting their lists together.

But there is one resolution, if you want to call it a resolution, that we always recommend […]

2021-01-31T14:46:14-05:00January 11th, 2018|Categories: Advice for Businesses|

It’s gratifying to see where our efforts go

By Ethan,

The Adopt a Family Program is my favorite charity program that American Profit Recovery participates in. Every year I shop for gifts and/or donate money for the program, but this year I was able to bring the gifts to a center to be distributed to the families. Not only was the center full of gifts for families, but also full of basics, like coats, hats, gloves, toiletries, and food.

I was able to learn about how many families are in need in my local school district, and how these basics are given out to children who need them most. To witness how much is done to provide for […]

2020-12-01T09:12:32-05:00December 27th, 2017|Categories: Community Outreach|

Giving Back Is What This Team Does

The Holiday season here at American Profit Recovery brings one of our favorite holiday traditions!

Each year the American Profit Recovery employees take part in local “Adopt a Family” programs to bring gifts, clothes and needed items for the holidays to families in need.

This year our team raised over $1,300 and purchased over 200 gifts for two local families and over 100 gifts for a local foster group home for girls. We generally get lists starting in mid-November of items in need and then we fundraise several different ways each year in the office to get the funds and gifts for the families.

This year we gave the employees an […]

2020-11-01T13:38:14-05:00December 22nd, 2017|Categories: Community Outreach, Team APR|

Holiday Financial Woes

Ah, the Holiday season, a time of giving, food, gifts, family and Debt.. Yes, debt. Whether it’s out of generosity or over extending it can be a struggle to make it through this time of year with the added expense of the holidays. (i.e. gifts, food, charities etc.)

As a collection agency, you might imagine that when we get into the new year, we have many clients calling us to help resolve debts that may have been incurred during the holiday season. The wallets are open, the credits cards are out, and many don’t think of the consequences that can arise from going on the holiday spending spree.

As a […]

2020-11-01T16:03:00-05:00December 5th, 2017|Categories: Advice for Businesses|

Four Tips for Managing Small Business Cash Flow

Cash flow should always be on your mind but it seems it’s never so much of an issue than when you are closing your books and going into a new year. At least your awareness of cash flow is peaked during these times because you are somewhat forced to look over your business finances.

But it should be on your mind all year long because we know you have your own obligations to meet such as payroll, rent, and a whole host of other expenses. In short, paying attention to your business cash flow should be a year-round habit. While we know there are going to be times when you’ll need to turn over certain invoices […]

2021-06-16T09:25:19-04:00November 20th, 2017|Categories: Small Business Collections|

One very important lesson from the world of Disney…And us

My family and I just returned from our long-awaited Disney vacation, and had as great a time as we had hoped for. My eight year old was star-struck by all the famous characters she met, the food was spectacular, and the rides were amazing.

Of all the things we enjoyed, what impressed me the most were the people who work there. I knew going in that Disney was famous for their customer service, and the way the spread their “magic.” It sounds so simple, but the smallest gestures really do help add to your enjoyment. I experienced numerous examples of this, and all of them made us feel welcome. […]

2021-01-04T11:22:51-05:00November 16th, 2017|Categories: Advice for Businesses|

Collections: A Family Anecdote

It’s Thanksgiving. Family that rarely gets to together and family that always gets together are all together! The meal is long, temperaments are short, kids are being kids, spirits are flowing and emotional eruption ensues. Explosive personalities, kids thrown in cars tearing out of driveways. The ‘Thanks’ and the ‘Giving’ are all but over with….until next year.Collection agency stories, good,

The mistake is thinking by ignoring it, not discussing it, that it’s as if it never happened. Nothing could be further from the truth. Those feelings don’t just go away, they are not easily forgiven and never forgotten, they just get buried deep down until […]

2020-09-27T14:08:28-04:00November 6th, 2017|Categories: Team APR|

Why is my customer not paying me?

If you are in business, then you have probably heard more excuses for things not happening than the average person.  Maybe not as much as a school teacher but close. And when you are in business, you act much like a school teacher. Trying to provide the best you can while also waiting for your customers or students to keep up their end of the bargain. In the case of business, that’s paying you on time.Why are my customers not paying me?

But paying bills is almost as bad for some people as turning in their homework when they were in school. It didn’t get done and they need […]

2021-04-03T15:50:21-04:00November 1st, 2017|Categories: Advice for Businesses|

What Can a Small Business Do When They Don’t Get Paid?

Emotions get the best of us in some cases. Whether it’s in business or in our personal lives. There are so many aspects to running and growing a business and emotions can run high when things don’t go our way. That could be staffing concerns, issues with customer service, equipment breaking down and a host of other matters that you need to address each and every day. Having any responsibility in a business means you’re going to have some type of conflict. And each industry has its own specific set of problems.

And that of course also includes getting customers to pay on time. As if we didn’t have enough to worry about.

But that doesn’t mean […]

2021-04-03T15:07:40-04:00October 25th, 2017|Categories: Advice for Businesses|
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