Running a successful business takes a lot of skill. While you certainly have to be able to generate business and have the staff and supplies to support it, you also have to be able to collect the debts that are owed to you. That might sound simple enough, but, if you...
Every company experiences customers who do not pay after receiving goods or services. This can be a challenging experience for a company who needs the revenue to stay in business. A company may waste valuable time and resources trying to recover this debt. There are...
You know that collecting debt can be tough. While a lot of the challenges in this regard may pertain to individual debt holders, it might also be difficult to recover debt from other businesses. When this is the case, you need a sound strategy to ensure that your...
Fayetteville business relationships depend heavily on loans and lines of credit between commercial firms. When all goes well, this is a good thing since it allows commerce to continue freely without businesses having to build up large cash reserves to pay their bills...
It can be tough for a Fayetteville business to keep its doors open if its clients and customers fail to make timely payments on the services the business offers. When individuals do not pay their bills, businesses can struggle to pay their own financial obligations...
Contractors will usually complete projects after a client puts a deposit down. This may cover their materials, but there's usually a balance left after the job is completed. While most clients will pay the balance due right away, some don't. This can leave the...
One of the most important things a business needs to survive and grow is its revenue. That's the money that actually supports the needs of the business. It isn't enough to just have enough billable accounts. Instead, the company has to actually receive the money that...
No one goes into business thinking about debt, but it's a big part of how capital moves around. Many business owners remember going into debt just to make their dreams a possibility. So that can confuse issues when you are the one who is owed and you need to find ways...
It's not easy when you are forced to put an account in collections. People who owe your business money may be valued clients and require hand-holding, while any effort put into recovering what you are owed is taken away from projects and operations.The process,...
If you have put your passion into a business or a career, you probably want to focus on the positive even more than other people. After all, why think about the worse aspects of doing business when you love what you do? But open accounts in the red aren't doing anyone...
