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Digg it UP - Credit Management: Design a System and Work the System
Three Easier-Than-We-Make-'Em Steps to Success in Life and Business harges collected.Advice.Aren't you just sick of it already?Everyone wants you to succeed in achieving the life and business of your dreams, and they all claim to have the key to getting there.Only problem is, everyone's advice is different.Melanie 'The Entrepreneur's Success Coach' Strick says you need to create Unstoppable Goals.Adam 'The Marketing Mentor' Urbanski says you need a marketing action plan.Andy 'The Original Blogging Evangelist' Wibbels says you need a blog.Alexandria 'The Ezine Queen' Brown says you need an ezine.James 'America's Hottest Young Speaker' Malinchak says you need to get into public speaking.Lorrie 'Red Hot Copy' Morgan-Ferrero says you nee We have good statistics on average collection days, which in the most ideal circumstances run from the high 30s to mid 40s. And many well managed firms are able to hold bad debt expense to under Would You Like to Boost the Response to Your Call to Action? How well does your company do at collecting past due accounts? The answer will vary widely depending on your discipline, your tenacity and perhaps even your region of the country.Using Circle Sites Marketing can help to favorably increase the response to your call to action. A great way to increase the response to anything you do on your website is to use a niche marketing approach. A super way to accomplish niche marketing is to use Circle Sites.That begs a question. What is Circle Sites Marketing?Image that you had a website that has a well focused marketing message and everything that went along with it. It had a well focused set of images, a focused call to action and a specific and focused offer. If you had testimonials on the site then they were consistent with the niche market and focused and if you offered a guarantee then this guarantee was also ni Fortunately, few regions of the country use credit as a tool for any other purpose than customer convenience. However, some regions do use credit as a marketing tool. And in others, sometimes dozens of years ago, companies began to allow customers to use them like most professional customers use a bank. And a long history of practices like these are always difficult to eliminate. Among the ways credit management is generally measured: Average accounts receivable collection days. Bad debt expense as a percentage of sales. Recoveries as a percentage of outstanding balances. Turn around time for processing credit applications. Service charges collected. We have good statistics on average collection days, which in the most ideal circumstances run from the high 30s to mid 40s. And many well managed firms are able to hold bad debt expense to under The Top 10 Ways to Follow-Up with Coaching Clients - Part 2 country use credit as a tool for any other purpose than customer convenience. However, some regions do use credit as a marketing tool. And in others, sometimes dozens of years ago, companies began to allow customers to use them like most professional customers use a bank. And a long history of practices like these are always difficult to eliminate.Did you know that 80% of all sales are made after the 5th contact? The biggest mistake we make is not following up with our clients regularly. We not only lose the chance to offer other services and products, we lose the chance for satisfied clients' referrals. Building your practice needs consistent bi-monthly follow-ups. If you think this takes too much time, follow my lead and delegate some of it where you will spend only 6-8 hours a week. Remember, only marketing and promotion builds income and business, the rest are expenses. Part one of this article is available at www.bookcoaching.com/freea Among the ways credit management is generally measured: Average accounts receivable collection days. Bad debt expense as a percentage of sales. Recoveries as a percentage of outstanding balances. Turn around time for processing credit applications. Service charges collected. We have good statistics on average collection days, which in the most ideal circumstances run from the high 30s to mid 40s. And many well managed firms are able to hold bad debt expense to under Good Recruits Gone Bad use them like most professional customers use a bank. And a long history of practices like these are always difficult to eliminate.Do you know the difference between recruiting someone and sponsoring them? Haven't given that thought before?Now is the time to.For a long time I never knew the difference in network marketing, what it meant to sponsor someone. I heard the term and thought it so mlm'ish. Since becoming a student of the industry I realize why we use the term.To recruit someone is to just sign them and say "Go get'm tiger!" There's no mentorship, no real help. Just get in there and start swinging. "Hope you make it!"Some use the philosophy of "if they are going to do it they are going to do it with or with out me." I tend to sometimes believe this however you can cut a person's learning curve in half by Among the ways credit management is generally measured: Average accounts receivable collection days. Bad debt expense as a percentage of sales. Recoveries as a percentage of outstanding balances. Turn around time for processing credit applications. Service charges collected. We have good statistics on average collection days, which in the most ideal circumstances run from the high 30s to mid 40s. And many well managed firms are able to hold bad debt expense to under Free Business Grants receivable collection days.Several free business grants are provided by the government for the business-minded person. If you think you have a profitable business or that your business needs additional funding for expansion then several free business grants are available to cater to your financial needs.One of these free business grants is the program of The Department of Homeland Security (DHS). This free business grants program by DHS seeks innovative ideas and inventions on security-related products. The award for those who will successfully hurdle the competition is $100,000 for six months to fund research that will prove the scientific, technical and commercial value of their concept. If DHS approves of their ideas, the com Bad debt expense as a percentage of sales. Recoveries as a percentage of outstanding balances. Turn around time for processing credit applications. Service charges collected. We have good statistics on average collection days, which in the most ideal circumstances run from the high 30s to mid 40s. And many well managed firms are able to hold bad debt expense to under College Fundraising harges collected.Looking for college fundraising ideas? Here are ten activity ideas for fraternity, sorority, or other groups to raise funds on campus.Dance marathon University of North Carolina students conduct an annual dance marathon fundraiser for the UNC Children's Hospital For The Kids Fund which covers costs not covered by insurance. An annual tradition since 1998, the 24-hour Dance Marathon has grown every year, featuring over 750 dancers and 450 volunteers while raising more than $200,000 for their cause in 2006.Wristband fundraiser Another good way to raise funds is to sell customizable silicon bracelets. These colorful wristbands can be imprinted with your group's message and are surprisingly a We have good statistics on average collection days, which in the most ideal circumstances run from the high 30s to mid 40s. And many well managed firms are able to hold bad debt expense to under ?% of charge sales. What is your system in your company? Consistency in following a system is essential to achieving optimal results. One owner I met recently, has reduced his collection days to the low 30-day range by mailing an invoice to his customers immediately following each delivery. This is somewhat of an unusual system, but it is innovative and it works for him. He says that he is surprised at how many customers pay their invoices upon receipt. The following is one system that works for many dealers: Step One: Assign accountability to one person in your business for collections and establish measurable standards for this individual to achieve. Step Two: The credit manager should place a phone call to customers whose checks have not been received three to four days following the due date and find out when they intend to pay
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