Get Paid and Get Growing

Your budget should not be dependent on whether or not people pay, but how many products yousell or how many customers use your services. It shouldn’t be a competition of who can hold out longer, but who can fill the needs of their customers. The proficiency of technological systems has eased financial burdens from the shoulders of small business owners. Too many small business owners want to fight against the system with manual efforts, when the...

Automate Your Financial Tasks now

Okay, here is another reason I love technology! I see so many people trying to create their own invoices and send them out. Each time that happens, I shake my head at the tediousness of it all. Some people refuse to use new technology. However, those small business owners that understand how liberating software automation can be are the ones who will significantly increase their revenue. With the right type of system, small business owners can not only create invoices, they can track payment histories and manage any number of payment plans. Small business owners can be alerted of upcoming or past due payments. Furthermore, your system should...

few financial rules that small businesses, serious about growth, need to follow.

There are a few financial rules that small businesses, serious about growth, need to follow. 1-Payment expectations should be consistent and clear to customers 2=When possible have a no payment-no product policy3-Have a systemized collections process Automate the Collections Process When you use technology to track payments, or missed payments, the effort to collect on past due payments is removed from your shoulders. Let your system work for you,sending out late notices, second notices, and final notices automatically. A good system can even send automated notices to a collections agency should you choose to use one. *Note: When you also...

Put Your Finances on Autopilot

Small businesses must put manageable, workable systems in place. I want you to fully embrace the benefits of technology. Technology can turn the financial nightmare into simple, predictable processes…that will work every time!keywords:-businesses,Finances manageable ,Technology ,financial ,predictable processes  © 2008 By Clate M...

The Overhead Management Nightmare is there solution?

Now, not all financial problems are because the consumer doesn’t pay. The money side of business can be a hairy task to undertake. If you only have one or two customers, managing your finances will be easy. It’s when you start tackling hundreds of accounts that money management becomes overwhelming. In addition to budgeting, taxes, and creating invoices, small business owners have to keep accurate records of incoming funds and their own expenses. And, with so much accounting work to do already, who wants to mess around with payment plans, credit card transactions, and other payment methods? Even if it means missing out on opportunities to make...

When The Cash Isn’t Coming In what we should to do

 Consumers are in a juggling act! Often, the small business owner compensates the lack of funds by using their own bank account to pay the additional (and completely unanticipated) expenses. When that runs out, you, like the consumer who doesn’t pay, start wondering how long it’s going to be before the companies you’ve purchased from come after you. We’re becoming a nation of late payers as heavy debts force businesses to pay some bills one month while others are held over to the next. - Bonnie Thayer Bonnie Thayer, president and CEO of the National Association for the Self Employed, said, “We’re becoming a nation of late payers as heavy...

what is Collections is a Full Time Job means?

When was the last time you “loaned” somebody money? Whether it was last week or last year, have you gotten the money back yet? (If you did, pretend you didn’t so that you don’t ruin my object lesson.) So you haven’t gotten the money back? I’m not surprised. You see, it’s not human nature to part with money…even when it’s not yours to begin with. If you’ve ever read anything by Robert Kiosawki (Rich Dad, Poor Dad), you will quickly be cured of any urge to lend people money. And the same reason you shouldn’t lend money is the same reason small business owners struggle with their finances...because few consumers have any sense of financial responsibility....

equation to Collect the Cash

Wouldn’t it be nice if every time you sold a product or service, you instantly received the money from that sale? It would be nice if money came in and money went out in a regular, predictable pattern. But that’s not how it works. When running a business, the financial overhead alone is enough to make you throw your hands up in the air and quit. But you don’t, so that’s why our next building block is all about money. When I say “Collect the Cash,” I’m not just referring to the sell. Like everything else in your small business, it’s a little more complicated than that. Sure, it still encompasses the ability to collect on sales. But in addition...