Commercial Collection Agency Blog
A Guide Dealing with Delinquent Accounts Protecting an AssetBuilding and managing a successful business is tough and demanding. That is a fact that only those who have done so can fully appreciate. The reality that there are so many challenges on so many fronts is one aspect of the process that actually produces a sense of accomplishment when success is achieved.In operating and building a company, you will create a number of assets that are a measure of your success. One of those assets ofte...
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Posted October 17, 2013 at 11:16 AM
Turning Accounts Over to Collections The Facts of Business LifeThere are a number of aspects of business life that make it both rewarding and challenging. You start a company and build it to create satisfied customers and to make a profit. That process includes a number of steps and many of them have to do with managing your working capital and cash flow.Your goal is to grow and enjoy success. The more you achieve this, the more of a challenge you have in maintaining the close personal touch ...
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Posted October 17, 2013 at 11:10 AM
Making it a Priority Any business owner who seeks to successfully and profitably grow a business knows that having sufficient working capital is a constant struggle. It is a simple fact of business that growth consumes cash and working capital. As more customers and sales are added, your cash and capital are soaked up by higher inventory levels and more employees along with other expenses and investments. One of the major areas of your business that requires additional capital is your ...
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Posted September 10, 2013 at 08:50 AM
The Entrepreneurial Mindset Most entrepreneurs are unique individuals. They treasure the idea of being their own boss and pay a high price to start a business or try and build their business. These individuals have been studied by many professionals to try and sort out what makes them who they are. While much of that question remains unanswered, there is a common agreement that one essential trait is the ability to focus and work toward goals while avoiding distractions. For most small busine...
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Posted September 05, 2013 at 08:59 AM
TheAccounts Receivable Aging Scheduleis a useful tool for analyzing the aging of your accounts receivable. Analyzing the schedule allows you to spot problems in accounts receivable early, protecting your business from major cash-flow problemsThe aging schedule can be used toidentify the customers that are extending beyond your collection terms. If the bulk of the overdue amount in receivables is attributable to one customer, then steps can be taken to see that this customer’s account is colle...
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Posted April 16, 2013 at 07:43 AM
State Statutes of Limitations for Debt Collection A statute of limitations sets forth the maximum period of time, after the debtor becomes delinquent, that legal proceedings (law suits) can be initiated. After the times shown below, a court will throw out any lawsuit.The type of debt affects the statute of limitations, too. Credit cards are usually considered to be “Open Accounts”. Auto loans and other installment-type agreements are considered “Written Contracts”.Note: This table...
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Posted February 07, 2013 at 12:32 PM
An important decision the company wants to raise capital has to be chosen the best solution for the various options for funding the construction. The bankers, investment bankers and other financial professionals can provide a variety of options in addition to a bank loan easily, which is essentially a loan, which can be a term loan or a revolving credit line. Other financial experts may also provide opportunities for convertible debt is converted to shares can be converted at a fixed price pe...
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Posted April 06, 2011 at 07:16 AM
If the debtor is in bankruptcy if it remained under Chapter 7 or 11 and whether a voluntary or involuntary filing, "all facilities" are automatically and immediately to any action or pursue legal action against the debtor. This includes attempts to recover the debts of the debtor, by any party. This also applies to the application of liens on property of the debtor. This stay also applies to the purchase of the property. prepared, if the creditor had taken the property before the filing of th...
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Posted March 28, 2011 at 06:39 AM
The Burn Rate is often confused with the total amount of money from a real company, no matter their income. This is not entirely correct. Burning rate of a business is the net amount of cash that is burning in a period of time. Let's say that, if a company starts the year with $ 6 million in the bank and ended the year with $ 5 million, the burn rate is $ 1 million a year. Many investors confuse this with the total amount of money a company invests in basic expenses such as salaries, rents, e...
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Posted March 21, 2011 at 06:40 AM
We've just published a new edition of our newsletter! You can check it out on our website and get the latest information from Commercial Collection Agency. Let us know what you think! Read It Now Here
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Posted March 16, 2011 at 02:52 AM