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Oct25
Why aren't you earning more money?

  • How much money do you make in a week? 
  • How long have you been making that amount each week? 
  • When was the last time you asked for or gave yourself a raise?
  • What do others in your field make compared to you?
  • When was the last time you raised your rates or prices?
  • Have you raised your shipping rates with the hike in postal & shipping prices?
  • Have you added a delivery surcharge to cover raising gas costs?
  • Have you had a "SALE" on any overstock or unused office equipment or supplies you don't need?

There are many ways you can increase your income without giving yourself a "literal" raise in your weekly paycheck. Some other tips are changing the light bulbs in your store and office to energy efficient bulbs.  See what you can come up with and share those ideas here!

Oct25
Prioritize your debt!
Now that you know what your debts are and how much they are, you need to decide which are more important.  You will want to just pay them all off at once, but you should look at each one and... Continue Reading
Does your Business have a Monthly Credit Plan?
What is your business's monthly credit plan?  Do you have a monthly credit plan? Have you ever heard of a monthly credit plan? If not, keep reading. How do you know how much money your business needs to make a... Continue Reading
Repaying your Debts
Part 3 of your Debt Diet is re-paying your debts.  Sounds simple, but so many entrepreneurs do not realize this.  Some ways to do this are: Reduce your interest rates. Learn your Credit Score and what it means. (perfect is... Continue Reading
Stop Spending!
As part of your Debt Diet, the next step is to STOP SPENDING!  Completely.  This is hard but look at it as a challenge and it will be something you can do and feel proud about.  Starting today get a... Continue Reading
Calculate your total Debt
Do you know how much debt your business has? Most entrepreneur's do not. Gather all your monthly bills and start adding it up, include interest and any fees you pay. Make a list and add it all up. Once you... Continue Reading
The Debt Diet
Oprah recently did a series called "The Debt Diet", it has also been in the news everywhere!  Oprah's show targeted individuals who needed help with thier debt, but we need to remember that business owners may need a "Debt Diet"... Continue Reading
Oct20
Motivating Customers to Pay
Today in "Tim's Tips" newsletter there was an interview done with Marv Steir who is the Managing Director of a group of companies that fill a niche for credit and fraud information. He has twenty years with the R.C.M.P., including... Continue Reading
Oct19
Credit for Businesses
When should a business open a line of credit?   When you want to:   Purchase inventory or supplies and pay on account.  When your business starts to grow, so you can purchase on credit and keep your cash flowing smoothly, while... Continue Reading
Oct17
New Hampshire’s Collecting Money author to appear on “The Book Authority”
I am very excited to announce that I am going to drive to CT today to tape a television show that will air next Tuesday, October 24, 2006 called "The Book Authority" hosted by Brian Jud.  The show talks about... Continue Reading
Oct10
I never got the invoice!
The most popular excuse used by debtors is "I never got the invoice!" Now try to forget that they came into your store and picked up their product or had their service done, and try to forget that they had... Continue Reading
Oct 4
11 Tips on Improving Return on Healthcare Receivables
If you are in the collection industry, you are familiar with Kaulkin Ginsberg. They publish advice, expertise and information on the collection industry.  They have just released a new report called the Healthcare ARM Report and I wanted to share some of... Continue Reading
Oct 3
Preparing your Credit Policy
When you decide you want to have a credit policy, you should know what a basic policy is compiled of.  When you sit down to create your policy, take these steps to ensure a quality, effective credit policy: Review your... Continue Reading
Oct 2
Benefits of a Credit Policy
So many of you still do not have a credit policy, I hear every day from people who say, I don't need one, or I don't have any past due customers. For your benefit I want to share with you... Continue Reading

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