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| Why a Collection Agency Is Your Small Business?s Best Friend--Really |
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Does the term ?collection agency? put you on edge? If you?re like many small business owners, the mountain of debt you accumulated during startup might have been enough to make you worry about collection agencies every time you answered the phone. But your feelings toward collection agencies are eventually going to change, if they haven?t already.
While no one wants to hire a collection agency, it?s a sad reality of doing business that not every customer feels the need to pay, or has the ability to pay all at once. |
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| To Factor or Not to Factor? |
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By: Marty Milan
The purchasing of accounts receivable (invoices) is generally known as factoring. Businesses can sell their invoices to companies known as factors. Although not all business are familiar with factoring, historians claim that factoring dates back to the ancient Roman civilization making it one of the worlds oldest methods of finance. |
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| The Sellers Creed |
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I will not make sales. I will make Customers.
I will target the heart of my Customer. |
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| The Distribution of Global Capital: 3 billion people lives on $2/day |
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Copyright 2005 Ofer ShoshaniThis week the Live 8 mega-event turned our attention to the problem of poverty. We learned that a child dies from it every three seconds. While we wait for the world to finally do something in order to save the African kids, we should look closely at the statistics and the true extent of international poverty. |
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| Small Business Debt Collections Law Trap |
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When someone owes your small business money, you certainly feel like a victim. But did you know that if you aren't careful, you could break the law by trying to get the money back?
How to Break a Federal Debt Collection Law
You have a small business, and your bills are coming due soon. You could easily pay those bills if a few thousands dollars of overdue invoices were paid. |
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| Small Business Debt Collection Letter Writing |
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Writing a debt collection letter is one of the most important skills of any small business owner. Do you have what it takes to get the money youve earned?
I have a confession: I'm a business writer who's let clients get away with not paying me--a huge sign of failure of my writing abilities. You see, I never learned one of the most important writing skills for any self-employed person or small business owner: how to write a debt collection letter. |
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| Small Business Debt Collection Law Cheat Sheet |
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In your small business debt collection laws will eventually become important, as your debt grows and some clients do not pay.
To collect small business debts legally, you must first send a written notice that collections have begun, within five days of first contacting the debtor for collections (for instance, within five days of calling on the telephone). The letter must include dispute instructions. |
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| Small Business Collection Agencies Get You Paid |
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If you're like many small business owners, the mountain of debt you accumulated during startup might have been enough to make you worry about collection agencies every time you answered the phone. But your feelings toward collection agencies are eventually going to change, if they havent already.
Small Business Collection Agency Services: More Benefits than Costs
Small business collection agency services will certainly cost more than just writing letters demanding your money back. |
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| Six "Honest Serving-Men" |
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- You Can Employ For Nothing To Galvanise Your Business
I keep six honest serving-men
They taught me all I knew);
Their names are What and Why and When
And How and Where and Who.
(RudyardKipling, from "The Elephant's Child" in Just So Stories).
Kipling's words may no longer be politically correct but they still provide the basis of my business philosophy today. |
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