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Late or non-paying clients are a hard fact of business. Small businesses in particular are vulnerable because they lack the accounting and legal resources to deal with these customers, with collections falling squarely on the shoulders of the business owner. Likewise, smaller firms and sole
Owning your own business comes with a lot of joys and a lot of responsibilities. One of the toughest parts, however, is keeping all of the balls in the air on a daily basis. How can you take care of all the details, while still taking care of your customers? One way to help you keep a
How do you get paid? I ask this of every business during initial review of their operational technology. It does not matter if they hired me because they think they need social media tools, a CRM or new manufacturing software, I always start at the beginning: How do you get paid? And then I
Cash flow forecasts got you down? Creating a company’s cash flow reports is a necessary part of managing a business, but can also be downright tedious. But take heart and explore these time-saving apps and tools that can make your cash flow reporting job a whole lot easier. In basic
How to Reduce the Cost of Bounced Checks The cost of bounced checks to small-business owners goes far beyond the penalty fees the banks charge for depositing bad checks. The time spent handling bounced checks and the havoc they wreak on cash flow are also part of the toll.
Getting Paid: The Waiting Game We all need to keep the cash flowing so we can run and grow our businesses. But, for many entrepreneurs, money is still hard to come by. And I don’t mean investment capital; it’s become a waiting game just to collect money that’s due us. 
Collections: How to Get What's Coming to You Many entrepreneurs are challenged—even intimidated—by the prospect of collecting what is owed to them, partly because most don’t like being confrontational and partly because they are afraid to find out they’ve been had. In spite of this discomfort or fear, however, you
What Information Should My Invoices Include? Your invoices may be the most important documents in your business; without them, you won't be paid. Your invoices should always include the following information:
Top 10 Account Collection Mistakes It would be wonderful if everyone simply paid their invoices immediately. However, in business, you need to diligently collect and follow up on accounts. Here are some of the common mistakes that can slow down and hinder the process.
"Revise your credit policy now to avoid problems associated with extending credit later" says SCORE counselor Bob Paul.  (He was vice president of credit and collections at John Deere for a multi-billion portfolio of loans to businesses and individuals.)  Here are his 4 keys

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