As a collection agency that works with small business, we are always in a discussion with our clients and others about how to increase profits. As you might imagine, when your business is owned money, and that money continues to be late, or doesn’t show up at all, your profits are going to suffer. Not only will your profits take a hit, but your cash flow and your ability to meet your own financial obligations. In short, it can cause a chain reaction in your business.
And while making sure your customers pay you on time is one of the best ways to keep your profits going in the right direction, there are other ways to ensure that your business is not running on fumes month after month. Continue reading “How can I increase my profits quickly?”
Let’s stop the talking about the polar vortex and the -20 F weather outside and talk about something more fun. Here at American Profit Recovery, we are talking about the Special Olympics Polar Plunge. This is where we jump into a Michigan lake in February! This will be the seventh year that our team has participated in this event. Last year, we dressed as Snow White and the Seven Dwarfs, and a couple years before that before that we dressed as Oompa Loompas from “Willy Wonka and the Chocolate Factory.” (That was my favorite) Got an idea for this year? Please send us any costume suggestions for 2019. Continue reading “Take the plunge with us!”
We bet if you turn your mattress over, clean out your car and check the laundry, you’ll be sure to find at least a few dollars. That’s a good start. And guess what, there are even more places that you can find lost and unclaimed money for both personal and business. And it might be more than just spare change.
Each year, there is an estimated $58 billion in unclaimed money in the United States. And there’s got to be a few bucks for you lying around somewhere.
For both individuals and families, there are countless sources of unclaimed money out there just waiting to be spoken for and if you do a little bit of homework and research, you may just find a piece of that pie.
Here we list the more common places to look as well as why a small business should also keep their eyes open for unclaimed money. Continue reading “Where Can I Find Unclaimed Money?”
For a business that has worked very hard to acquire a new customer and put additional resources into keeping that customer, the thought of having to send that customer to collections, often causes them to take a pause. For many in business, it’s a big step to have to take when it comes to having to use the services of a collection agency. The biggest fear? That business will lose that customer forever and they will tell others that you sent them to a debt collector. And, they still won’t get paid.
For many small businesses, it takes tremendous effort to acquire new customers and you do not want to have to get to the point where there is any bad vibes between the two of you. They asked you to perform a service and you have earned their trust. That’s a big step. And now they are a loyal customer. And of course, you enjoy the revenue. Continue reading “What happens when I turn over my customers to collections?”
By Mike Hiller:
I’m a foodie so when I hear ‘Eat something that frightens you,’ the words get committed to my long-term memory bank. Must have happened across this advice from the radio or I read it in a paperback book maybe. Can’t say that public speaking, or confined spaces, heights, or things that go bump in the night, or even spiders scare me all that much. Killed plenty of creepy crawlies in the name of machismo; let a few go in the name of feminism too. You’ve seen tarantulas for sale at exotic stores as pets. Many of their various species are in fact quite docile. Continue reading “Eat something that frightens you”
You may be one of them but we find that there are many small businesses out there that do not even have a budget. And as a collection agency that works with small business, we find that kind of troubling. A budget can mean the difference between being profitable and, well, not making a profit. And we all know what happens when our business cannot turn a profit.
Having even a simple budget can make all the difference in the world. Your budget is essentially your roadmap for the year or a given period of time, as we are sure you are aware of. And while you might be aware of what a budget is, you still might not have one. Continue reading “Budget Basics for Small Business”
A common misconception of debt collectors is that they are all mean, tough, and demand money immediately. While that could be true for some places, most often the goal of a debt collector is to help consumers find a way out of their debt, while also helping businesses to stay afloat, and stay out of debt. I believe what sets American Profit Recovery apart from other collection agencies, is the customer service that we present to all parties involved in the collections process, and the care given to each consumer we are working with. Continue reading “A Common Misconception”
I do love this time of year, as it seems everyone has a little more pep in their step and a smile on their face coming into the Holidays. It is a time of giving and a time to be thankful for our families and friends. Many people get to see loved ones that they may not have seen in a long time.
It is also a time to reflect on the, soon to be, year gone by. It is a great time to see what you accomplished this year and to also plan for a great year to come! As I reflect on the year gone by here at APR, I can’t help but smile and be grateful. Continue reading “It’s the most wonderful time of the year”
Often times when you think of collections and what debt collectors might be like I’m sure there’s a negative image in your mind right from the beginning. I am happy to say the reality is much different, especially those of us who work for American Profit Recovery. This agency has built an amazing foundation displaying what it means to work with “family” all while staying professional. What I mean by that is, from the moment you call our office you’re likely to hear “It’s a beautiful day at American Profit Recovery” or to see a smile as you walk into the office. Everyone knows you on a personal level and the culture couldn’t be more inviting. Everything from football talk, casual days, to cracking jokes during company calls, makes all the difference when you sit back and look at the big picture. Continue reading “What Is It Like Working for American Profit Recovery?”
Growing up, my birthday was one of the most exciting days of the year. It was one of those days my parents didn’t have to get me out of bed for. I was totally aware that it was MY day and very excited for the celebration/presents/cake/birthday wishes … it was awesome!
My birthday has changed a little bit over time. It’s now just a regular day. Void of the excitement of childhood, I awake to the obligations and routine of everyday life. The dog needs to go out, my son needs to be changed, fed, dressed, and brought to daycare … just a regular day. Continue reading “Reflections on another birthday”