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Aug31
Are you tired of “Dancing with your customers?”

The popular television show Dancing with the Stars has announced its new lineup of celebrities for the new season.  Featuring such celebrities as Melanie Brown, aka “Scary Spice” and Wayne Newton will be sure to boost their ratings even more.

 

People in business can certainly relate to Dancing with the Stars when dealing with their own customers.  You may even consider some of your customers a bit like “Scary Spice” once you have to call them for a past due bill.  Maybe that pleasant woman you sold widgets to that has now bounced a check to you has suddenly become “Scary Spice” on the phone when you call asking for your money.

though you may like watching Dancind with the Stars, there are some things you can do to eliminate dancing with your customers when they owe you money.

 

Top 10 ways to Avoid Dancing with your “Stars”:

 

  1. Stay on top of balances owed.
  2. Contact a customer IMMEDIATELY if they start to get overdue.
  3. Do not continue to ship products to a customer that is not paying on time.
  4. Re-evaluate credit limits once a year.
  5. Get a signed credit application from EVERY customer.
  6. Check references.
  7. Stay firm!
  8. Follow up!
  9. Send invoices immediately after products are shipped or service is performed.
  10. Fire customers that won’t stop dancing!

http://tangotogether.com/loveflash/2007/08/08/setting-the-record-straight-kim-porter-and-scary-spice/

Aug29
Change is good, Attorney General Albert Gonzales Resigns
Attorney General, Albert Gonzales announced his resignation saying he would “conclude my government services as Attorney General of the United States effective September 17, 2007.  Albert Gonzales and President Bush were old friends, and the President accepted the resignation reluctantly. ... Continue Reading
Aug27
How Countrywide Financials bankruptcy affects Business Owners
It has been all over the news and in the papers that Countrywide Financial, the US's #1 mortgage lender is close to bankruptcy. On Thursday they were forced to dip into a $11.5 billion line of expensive credit to maintain... Continue Reading
Aug23
Can my Business report to the Credit Bureaus?
Many business owners ask me about reporting to the credit bureaus, this is because they think that a business cannot report debts to the credit bureaus.  A business CAN become a member of any of the three credit bureaus and... Continue Reading
Aug16
I need Help with a Credit Policy!
One of the more common questions I am asked is what is a credit policy and how do I create one?  To make it easy I am going to give you the lowdown on the short and sweet Credit Policy... Continue Reading
Aug15
Your Credit - It’s not Personal, it’s Business
Most Entrepreneurs don’t realize that their personal credit is crucial to their ability to successfully run a business.  When you first start a business your personal credit is what is used to determine the types or if any credit will... Continue Reading
Aug12
Fire your customers! Sometimes their business is not worth it!
Have you heard the news about Sprint firing some of its more "troublesome" customers?  They said they were going to terminate their relationship with approximately 1000 customers that they thought were draining their customer service department with repeated calls.  They... Continue Reading
Aug 5
Are you trying to collect past due rent or mortgage payments?
Are you a landlord trying to collect on past due rental fees or maybe your a landlord who had set up a tenant on a "rent to own" basis.  Are your tenants having trouble paying their rent to you? If... Continue Reading
Aug 3
Preventive Maintenance for your Business
Bad debt and losing money has been a topic of concern for entrepreneurs and business owners for as long as there have been people in business.  The research and teachings thus far have been about what to do when you... Continue Reading
Aug 2
Does the News matter or the Money? Murdoch buys Dow Jones
The nations second largest newspaper, the Wall Street Journal publisher Dow Jones, has been sold to Murdoch citing they had no choice, since his offer of $5 billion was the only serious offer on the table.According to NPR "Wary" would... Continue Reading

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