How can I establish more business credit?
It is a common question, especially with a newer business. How can I establish credit in my business? But it’s not solely a question for a new business. More established businesses often have to establish or even repair credit. Nevertheless, having the proper level of credit for a business is a smart way to ensure you have the backing you need, when you need it, as well as having the ability to conduct business with vendors without having to pay on demand.
There are a many out there that will claim to help you in this effort but […]
How to avoid a business failure
As a collection agency working with small business owners, we hear stories all the time of businesses at the brink of failure. For whatever reason, the business just couldn’t get past any number of roadblocks in their way and the business ultimately had no choice but to close. Most of the time the reason is pretty clear. It’s cash flow. It crushes us to hear these stories because we know there was a good chance that we could have helped had we been contacted earlier.
Yes, there are many other reasons a business might close such as an owner retiring, moving on to something else, crippling […]
Everyone you meet
By Peggy:
Everyone you meet is fighting a battle you know nothing about. Be Kind. Always.
The phrase is so cliché—it’s something that pops up on Facebook every once in a while and gets hundreds of “likes” or that you’d see on a poster in a middle school counselor’s office. But it’s also very true. We all carry our battles with us as we walk through the day. The fight with the spouse, the sick baby that was up all night, the paycheck that didn’t stretch as far or as long as planned. These are not things you talk about, but they can affect how you respond to that ONE LAST STRAW, however minor.
Looking to start a new business? Tips so you don’t run out of cash
One of the top reasons a new venture goes out of business is not enough cash behind that organization. Unless your idea takes off like you had never thought it would, you are in all likelihood in for spending more cash than you had planned for. There are probably few occasions when starting a new business takes little cash. And, few businesses that nail their budget to the exact penny the first time around.
As a collection agency serving small businesses, we often see a new business in a situation where the cash flow becomes an issue in moving forward as planned. Growth plans are stifled as a result of limited cash on hand and in […]
Do you really know what you’re spending money on in your business?
We’re sure we hear this same scream from business owners across the country every day. “I had no idea we were spending money on this.” Or, “Why am I getting a bill for this?” Has this happened to you? It probably has at one point.
There always seems to be some type of bill that pops into our inbox that surprises us from time to time. Maybe we signed up for a service or it was a yearly subscription that we just forgot about until the next years’ bill came to us. Whatever it is, we just seem to lose sight of what we spend money on in our businesses from time to time. And it […]
A few positive facts about debt collectors
If you spend any time on Google looking for a collection agency then you have no doubt seen many articles on various aspects of collection agencies, good and negative. The fact is that in any business, you see the exact same thing. Let’s take food for example.
How many times have you gone online to look for a restaurant only to find a wide range of reviews and opinions about that business. Some of these opinions are valid while other may be misleading. Not all businesses are created equal and that goes for just about any industry.
What we can tell you about the collection industry from a positive aspect is that this is a necessary industry […]
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 […]
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 […]
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 […]
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 […]
