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 debts force businesses to pay some bills one month while others are held over to the next.”

Quite simply, the major reason for business failure is bankruptcy. Or, if it doesn’t get that far, small business owners wind up with unpaid financial obligations they wonder how they’re going to repay. Without enough capital, a company cannot make their product. If they can’t make their product, they can’t sell. If they can’t sell, they’re not making any money. End of a sad story.

keywords:-businesses,Cash Isn’t Coming ,CEO of the National Association ,Consumers are in a juggling act!, Consumers,Cash,heavy debts

 © 2008 By Clate Mask

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. Most people would like to have everything, NOW, without working or paying for it. They’re getting more and more in debt, and less and less able to pay their bills.

And when it’s your small business that winds up unpaid, you’re forced to track down your customers in an attempt to get your money. Or at least part of it. In the meantime, hundreds of
dollars are being bypassed, because you have to stop growing your business to collect on late payments or bad checks. You start with phone calls, then letters, then, if you still want the money, you are forced to contact a collections agency (and in doing so, drum up additional fees).

Unpaid finances can take months to collect on. Months when you are struggling to keep your head above water. Months when you have a million other things you should be managing. Small business owners can get so caught up in being paid that they aren’t making any money at all.

keywords:-businesses,Collections is   a Full Time Job, unpaid,loaned, money

 © 2008 By Clate Mask

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 to collecting money, this building block discusses credit card processing capabilities, collections, payment plans, invoices and notifications, and other money matters.

Many marketing experts tend to skip this strategy in their books, or at their conferences.
Because everybody understands it is money that makes the business world go round. It all seems self explanatory. Right?

Well, if collecting the cash is such a simple step,
why do so many small business owners wind up losing everything they’ve got and then some?

so we will speak about cute equation:-

Credit Card Processing +Collections +Payment Plans and Invoices +Noti cations = $$$$$$$$

 © 2008 By Clate Mask

keywords:- small business,Collect the Cash,payment plans, invoices and notifications,money matters,Credit Card Processing,collections

Sell More By Selling Online

By dismissing the Internet, companies are dismissing millions of dollars of potential profit. Profit that someone else is going to snatch up if they don’t.

Billionaire Mark Cuban gave a sage piece of advice for business owners. He said, “Make your product easier to buy than your competition, or you will find your customers buying from them, not you.” He may not have been talking about the Internet directly, but this concept is true whether your business is housed in a basic storefront, done from home, or working out of a major retail store outfit.

Make your product easier to buy than your competition,or you will find your
customers buying from them, not you.
- Billionaire Mark Cuban

Internet possibilities are endless and not taking
advantage of those possibilities is…quite
frankly…foolish.

No matter what reasons a small business has for not wanting to sell online, the bottom line is: if
you “Sell Stuff Online,” you’re going to dramatically increase your profits, and collect more cash.

keywords:-businesses,Sell More By Selling Online,Internet possibilities ,Billionaire Mark Cuban, potential profit

 © 2008 By Clate Mask

why aren’t small businesses using e-commerce as a tool to grow their businesses?

Rather than say once again, “Hey, sell online and you can make a lot of money,” I want to quickly recap the stories of a few of the most profitable e-commerce sites ever. The first is Amazon.com.

 The enthusiasm for iTuneshas yet to slow down.

When Amazon.com was originally founded, online selling was not quite as prevalent as it is now. Founded in 1995 it was one of the first major Internet selling companies. Amazon.com

steadily lost money every year until 2003. Nevertheless, they saw the potential of “Selling Stuff Online.” During 2007, Amazon turned over $7 billion in sales. During their most profitable day (December 10, 2007), Amazon sold 5.4 million items.

But Amazon isn’t the only company to find e-commerce success. E-bay also generates astonishing profits with their auction site. iTunes has created a revolution of selling and downloading music from the Internet..

The enthusiasm for e-commerce is not going to slow down. Online sales provide more unique and profitable opportunities for small business owners every day. More people are becoming Internet shoppers. The revenue small businesses can generate from selling online is increasing. So, once again…why aren’t small businesses using e-commerce as a tool to grow their businesses?

keywords:-businesses,e-commerce,small businesses,Online sales,Amazon.com,selling online

 © 2008 By Clate Mask