Tag Archives: business credit

Tips for when accounts get Past Due

Jeff DiMatteo from the Worcester Business Journal shares some very helpful tips for anyone struggling to get paid from customers during this economic crisis.  He gives 4 tips that business owners can use to get their money from customers that … Continue reading

Share
Posted in Collections for Creditors, Credit Crisis, Credit Policy Questions, Economic Crisis, Recession | Tagged , , , , , | Leave a comment

Increase your Cash Flow Today

Some things you can do to keep track of and increase your cash flow as well as improve your accounts receivables might include: Offer discounts Get 50% down Check new customers credit Sell old outdated inventory Issue invoices immediately Follow … Continue reading

Share
Posted in Being a Great Collector, Business Credit, Credit Crisis, Economic Crisis, Recession | Tagged , , , , , | Leave a comment

Managing Cash Flow

I recently recorded a webinar for BusinessWeek called Managing Cash Flow that is about handling cash flow with two other people, Tom Taulli and Tim Berry, both very knowledgeable on this topic. I am quite excited and think it is … Continue reading

Share
Posted in Ask Michelle, Being a Great Collector, Checking credit, Collections for Creditors, Credit Crisis, Credit Policy Questions, Economic Crisis, FAQ's, Recession | Tagged , , , | Leave a comment

Strategies for Building Business Credit

When you first start a business your personal credit is what is used to determine the types of credit or if any credit will be extended to you or your business. Most Entrepreneurs or new small business owners don’t realize … Continue reading

Share
Posted in Business Credit, FAQ's | Tagged , , , , , , , , | 1 Comment

Collecting Debts can save your business U.S. News & World Report

On page 113 of the issue on stands now of U.S. News & World Report is an article called “Collecting Debts can Save Your Business”, a follow up article to a couple of weeks ago.  If anyone gets this magazine, … Continue reading

Share
Posted in About Michelle Dunn, Accounts Receivable Outsourcing, Being a Great Collector, Books, Business Credit, Checking credit, Collection Calls, Collection Letters, Collection Tools, Collections for Creditors, Credit Crisis, Credit Policy Questions, Customer Service, Debt Collection in the News, Recession | Tagged , , , , , | Leave a comment

What is a Credit Department?

Michelle, Hi! I’d like to ask a few questions. 1. What are the responsibilities of the credit and collection department? 2. What roles do the line and staff people play? Joshua Hi Joshua, Credit managers are in high demand right … Continue reading

Share
Posted in Ask Michelle | Tagged , , , , , , | Leave a comment

Establishing Credit for your Business

Dear Michelle, What is the most expeditious way to establish business credit without the need for a personal guarantee? Thank you! Eric Dear Eric, You should apply for credit under your business name with vendors you are currently working with … Continue reading

Share
Posted in Ask Michelle, Business Credit, Collections for Creditors, Credit Crisis, Credit Crunch, Customer Service, Dealing with debt collectors, Economic Crisis, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Identity Theft, Improve Your Credit, Know your Debtors | Tagged , , , , | Leave a comment

Why does your Business need a Credit Policy?

As a credit manager, A/R clerk, and the owner of a third party collection agency, I have seen how many business owners do not have a credit policy or do anything at all to limit their credit risk with their … Continue reading

Share
Posted in About Michelle Dunn, Ask Michelle, Being a Great Collector, Business Credit, Checking credit, Collections for Creditors, Collections for Landlords, Credit Policy Questions, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni, Medical Collections, Training | Tagged , , , , , | Leave a comment

Building Business Credit

Starting a business is overwhelming in itself, never mind having to think about credit.  Your business will need good credit to maintain itself and become more successful.  You can get and maintain good credit for your business in a few … Continue reading

Share
Posted in Business Credit, Economic Crisis, Getting Paid - Michelle Dunn - Business Finance Columni | Tagged , , , , | Leave a comment