Blog - Page 34 of 45 - American Profit Recovery

Three Reasons Your Business Is Losing Money

If you’re a small business owner, manager or anyone that is responsible for profitability, you very well know the struggles of maintaining good cash flow. And you rely on that cash flow to stay in business. You have to make payroll, keep the lights on, purchase products and the list goes on. In short, many small businesses are not that far away from being in a cash flow crunch.

Did you ever stop and try to figure out why your business might be losing cash? Whether you are running a lawn care company, a medical or dental practice, a karate school or other business, we know […]

APR2021-01-31T16:44:04-05:00November 18th, 2015|Categories: Advice for Businesses|Tags: cash flow, Small Business|

Work Ethic…

As a collection agency, we pride ourselves here on having one of the best teams in the industry. As I mentioned before, our core values drive us in everything we do. We constantly focus on them and we are reminded daily of these values; from top management all the way down. We talked about integrity last time and how important, especially in this business to be as honest as possible in everything you do.

But what about work ethic? Equally as important is how we conduct ourselves with honesty and integrity is how we conduct ourselves in the workplace. We never want to force anyone to do their job. […]

APR2021-04-03T15:54:00-04:00November 18th, 2015|Categories: Team APR|

Integrity…

Too often, words are thrown around in corporate America to describe their culture, environment and their philosophy of business. No offense to our PR guy but sometimes these words are just slapped together from communications or marketing people because they think that’s what people want to hear. Well one thing is right; they do want to hear them but they insist on you walking the walk and talking the talk.

We have among others, three core values at this collection agency; Integrity, work ethic and positive attitude. Our first is integrity.

It’s no secret that we are in a tough business. Many don’t have a favorable perception of our business […]

APR2020-11-30T18:16:50-05:00November 16th, 2015|Categories: Team APR|

Managing collections during the holidays

As a collection agency, we often get inquires as to how to handle late and non-paying customers during the holiday season. Many businesses make the mistake of halting all collection efforts during this time of the year for fear of causing even more tension between the business and client. And as a collection agency, we see this more often than not. While it’s great that the business is trying to keep that customer, it’s not a good idea to stop communication.

If you stop communicating with the client who owes you money, they may get the impression that you have gone away or given up […]

APR2021-01-04T09:11:14-05:00November 16th, 2015|Categories: Advice for Businesses|

The Clear Signs A Customer Is Not Going To Pay

As business owners and those responsible for keeping our operations afloat, wouldn’t it be great if we all had a crystal ball to tell us when customers were not going to pay? While that might not be a reality, there are clear signs that you can look out for when customers go into delinquency.

If we know a customer is not going to pay on time or just not pay at all, it can help you determine a course of action that much quicker. And we all know that the longer a bill goes unpaid, the more difficult it is to be compensated for what you provided that customer.

Take two minutes to view our latest video […]

APR2021-01-31T15:01:41-05:00November 6th, 2015|Categories: Advice for Businesses|

Net 30-What Happens After That?

We get a lot of questions regarding accounts receivables and collections from our clients.

One recent question to one of our team members was about what happens to the collection process after your Net 30 Payment Terms.

Our first question to you is do your customers actually know you have Net 30 terms? Have you told them, inserted it in all your invoices and statements and maybe even posted it in your waiting room or lobby? Make sure you do this first.

Second, when you do get to that 30-day mark, a good way to open the lines of communication is to place a customer service call. Find out if your […]

APR2021-01-04T09:59:33-05:00November 4th, 2015|Categories: Advice for Businesses|

Paying slow causes a chain reaction…

In many cases businesses are taking more time to pay their own bills. We have all heard about consumers and their increasing lag time on paying bills but what we don’t hear about is businesses and their ability to meet their obligations.

Below, we have a video about how a business can respectfully work with another business to get paid for their products and services.

A business not paying another business is a perfect example of an economic chain reaction and what could be a circle of people not paying their bills. One very important bill that we know a business needs to pay on time […]

APR2021-01-04T11:33:45-05:00November 4th, 2015|Categories: Advice for Businesses|

Do you know what’s in your credit report and why?

I know we have gone over this before but it’s such an important topic that I feel it’s necessary to keep it in front of you. Pulling your credit report is an essential part of securing your financial future. Reviewing your credit in full to see who might have pulled your credit, looking for signs of identity theft and taking quick action to clean up any mistakes are vital to maintaining good credit and a good credit score.

You should be checking your credit report on a regular basis to ensure that there are no signs of identity theft and that nothing negative […]

APR2020-11-01T12:34:43-05:00October 27th, 2015|Categories: Advice for Consumers|Tags: Consumer advice, credit reports, How to|

Did you leave the billing for later??

Ok all you landscaping pros and lawn care specialists. We know you’ve been busy this summer and yes, summer officially ended a few weeks ago but have you kept up on your billing or have you let it fall behind?

This is the time of the year when you may get a short break from the lawns before we really ramp up the yard cleanups for the fall. A perfect time to get caught up on things, most importantly, getting paid.

If you have not caught up on your late-paying and non-paying customers, it’s time to get a handle on this quickly. Soon enough, you’ll be up to your neck in leaves and branches and before you […]

APR2020-11-01T12:31:18-05:00October 26th, 2015|Categories: Advice for Businesses|Tags: Collection Agencies, landscaping companies, lawn care|

What debt collection laws does my business need to follow?

As a collection agency, we need to follow many state a federal laws when it comes to contacting and with working with consumers. And your business should be following these laws as well. The Consumer Financial Protection Bureau or (CFPB) was established to protect consumers. And that means that any first-party creditor, which means you, needs to follow certain guidelines when trying to get your customers to pay.

Our latest video gives you some guidance to help you stay compliant in your internal debt collection efforts. Take two minutes to view the video as well as view our resources section of our website.

And as always, never hesitate to contact our team […]

APR2021-04-03T15:12:32-04:00October 15th, 2015|Categories: Advice for Businesses, Laws|Tags: debt collection|

Connect with Us!

Sign up to Receive Updates

Michigan Office

Massachusetts Office