Small Business Archives - American Profit Recovery

Should I send small balances to a collection agency?

The short answer is yes…

You might think this is backward thinking but if you actually let late and nonpaying customers slide and don’t try to get them to pay you up to date, you can almost certainly say goodbye to that customer. You’ll definitely never serve that customer again because they never paid you, and because you didn’t try to work out some type of arrangement, you’ll most likely just write it off.

Collection agencies can actually save you a customer by allowing both parties to work out an amicable payment arrangement. If you just say, “forget it, I’ll just write it off, you […]

APR2021-01-31T14:22:17-05:00February 11th, 2016|Categories: Advice for Businesses|Tags: Balances, Collection Agencies, Small Business|

Tax time is a good time to clean up books

We are all pretty much forced to take a look at our books each year around this time. Some of us are better than others at doing it in a timely manner. However, it really does pay off to get serious about cleaning your books up during tax season. One, you have to and two for the purpose of seeing how many accounts you might have that are still outstanding.

As a collection agency that prides itself on getting in the game early as a way of showing success on collecting on overdue accounts, we strongly suggest that when getting all your documents ready for […]

APR2021-01-31T14:56:46-05:00February 10th, 2016|Categories: Advice for Businesses|Tags: 2016, Small Business, Taxes|

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|

Cash Flow 101 Part 2

I gave you a few tips recently on managing your cash flow and I have a few more for you. We talked last time about billing on time. I can’t say it enough. Bill on time…It’s the cornerstone of a well oiled accounts receivables system. As someone who has worked at a collection agency for over 20 years, I have seen far too many times, businesses coming to seek the assistance of collection agencies only to find they have not paid attention to the basics. That and professional accounting software were my last two recommendations.

Here’s a couple more:

Make sure your customers understand your billing policy right up front. […]

APR2020-09-27T12:54:42-04:00October 1st, 2015|Categories: Advice for Businesses|Tags: cash flow, help, How to, Small Business|

Cash Flow 101

A common question we hear all the time as a collection agency: How can I improve cash flow in my business? It’s one of the main questions collection agencies get.

There are a number of things you can do to keep up on cash flow at anytime during the year, whether you’re a lawncare or landscaping professional, plumber, medical or dental professional or any other type of service industry. I’ve been working in debt collection for over 20 years and I’ve seen many mistakes that could have been solved with just a few extra resources and thought.

Here’s a couple and more to come in future blogs:

Always bill on time: […]

APR2020-09-27T12:52:54-04:00September 29th, 2015|Categories: Advice for Businesses|Tags: cash flow, How to, Small Business|

More From Our Leadership Development and Team Building Conference

By Dave Yenglin :

I was fortunate enough to attend this conference along with three other members of the APR team. I wasn’t entirely sure what to expect, as I hadn’t attended any conference of this sort in many years, but immediately boredom came to mind. It couldn’t have been further from the truth, the speakers for this conference did a wonderful job of presenting the material.

It wasn’t your typical presentation of someone just reading from a booklet what someone else wrote. They were very good at getting everyone involved and being very interactive, obviously this makes sense given the title of the conference.

One of the first things that I learned from this that I hadn’t […]

APR2021-01-04T09:33:18-05:00December 29th, 2014|Categories: Team APR|Tags: collection agency, Leadership, Small Business, Team Building|

APR receives endorsement from New Jersey Landscape Contractors Association

American Profit Recovery is excited to announce that The New Jersey Landscape Contractors Association (NJLCA) has recently endorsed the collection agency.

The NJLCA Board of Directors has approved American Profit Recovery to be their Preferred Partner for debt collections.

APR works with countless green industry professionals across the country and has a proven track record for improving the profitability of landscape contractors in maintenance, design/build, landscape management and of course lawn care businesses. APR recognizes that many landscape professionals are hesitant to send their clients to debt collection agencies due to the expense and fear of losing the client.

We know the importance of retaining customers and we employ a diplomatic approach to not only recover monies owed, […]

APR2020-09-18T10:08:07-04:00July 31st, 2014|Categories: Team APR|Tags: American Profit recovery, Collection Agencies, Lawncare and landscaping, Small Business|

Best Business Advisors

We talk to business owners every day from a variety of fields including contractors, lawn care and medical professionals, who are all busy trying to build their business. We know that running a business can be difficult but if you have the help of these four business advisors you will be ready for anything.

Business Attorney: They will provide vital assistance in every aspect of your business, from basic zoning compliance, copyright and trademark advice to formal business incorporation, lawsuits and liability.

CPA (Certified Public Accountant): Financial professionals who analyze how money is used by businesses, audit financial statements, serve as consultants for tax, accounting, and financial planning. CPA’s are strategic advisors, beneficial […]

APR2020-09-27T11:55:10-04:00March 18th, 2014|Categories: Advice for Businesses|Tags: Business Advisor, collection agency, Planning ahead, Small Business, Video|

Making the Right Decisions

Prosperous decisions are logical not emotional. This simple sentence is probably hard to swallow for business owners and I completely understand why. It was your passion that cultivated an idea which grew into a blueprint that ultimately matured into your business. It was your drive, self-sacrifice and yes, your emotion that has built your company into the success it is today. After spending the past decade studying and working with high level decision makers, I can confidently say that the best decisions are made without emotion.

We don’t have to look very far to find examples of corporate greed (emotion) influencing high profile and brilliant leaders causing the demise of either them or their companies. Kenneth […]

APR2021-01-04T09:03:34-05:00February 28th, 2014|Categories: Advice for Businesses|Tags: business owners, collections, credit, How to, Small Business|

The Importance of a Community for Businesses

Debt collections with the community in mind

Nothing builds good will faster than being a well-respected member of your community. Whether you are a small business and your community is a town or region, or you are a large business and your community is anywhere you do business, including the internet.

Businesses that treat their customers well are usually rewarded with good word of mouth marketing, which is something that cannot be bought. Those businesses that don’t have good customer service are also given word of mouth but in a very different way.

So why is a collection agency telling you this?

Actually it’s pretty simple. If you are in business you will at times have customers […]

APR2021-01-31T15:15:12-05:00February 6th, 2014|Categories: Advice for Businesses|Tags: collection agency, Community, Consumer advice, Small Business, Video|

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