Revenue Advice
Have you noticed all the advice for collecting money and revenue enhancing tips bursting everywhere on the internet? The number of web links that offer billing and collections help is astounding. There’s a good reason for that. It’s because so many companies are in desperate need of guidance. Not because they are bad companies but because so many customers are so good at not paying. This problem is very common and costs businesses tens of thousands of dollars every year. Non-paying customers create a serious need for assistance and if you don’t get the right answers this will continue to cost time and money.
Your challenge is sifting through all the internet nonsense to find real solutions from a company who is experienced and can really make your business improve. You want to implement changes that work. Changes that increase revenue, reduce administrative costs, and can keep customers paying. Formulas that save you time so you can get onto what you do best. Advice is cheap and there are hundreds of people who are ready to steer you in any direction. Don’t poke and hope. Do things right! Get proven methods that can really make serious change. Get more than just advice; get proven strategies from a company with years of experience. CJM Billing Solutions, Inc.
Paying off Debt
Paying off the debt has a positive effect on your psyche- Is it true?
It’s needless to say that making money, spending money and thinking about money take up a major part of our lives. In the present era, people are trying to make more money to enjoy the comfort and luxuries in the world. Well, having enough money helps to provide for the family, plan for the future as well as enjoy the leisure time. However, not having enough money narrows an individual’s choice as well as restricts the ability to enjoy the comfort as well as abundance of the life.
So, when you’re drowning in debt it has a major psychological impact on your life. This is because debt not only affects your credit score but also on your psyche. It goes without saying that rising number of depression is due to the stress that comes from debt. A dark cloud of debt may hover on your life casting a dark shadow over your confidence, monetary situation and relationships. You’ll be surprised to know that paying off your overwhelming debt may have a positive impact on your psyche. An achievement of paying off your debts may boost your self confidence and help to achieve your financial goal successfully. In fact, getting as well as staying out of debt may help you stay financially healthy. If you’re planning to pay off your debts, then check the list below to know the psychological benefits of paying off the debt.
Here are the four psychological benefits of paying off your debts that you can consider if you’re still avoiding to face the reality of your financial state:
1. Lower your stress and attain healthy life: If you owe insurmountable amount of money, it’ll definitely have an adverse impact on your life. Well, debt is considered as a stress inducing life event. As a matter of fact, financial stress takes a toll on the body and leads to health related problems like cardiovascular disease, allergies, diabetes (and) gastrointestinal disorders. So, paying off your debts may help in the process of physical as well as psychological healing.
2. Emotional comfort: Eliminating debt is not only about getting rid of your financial liabilities but also attaining financial liberty. In some cases, debt may have been a reason for emotional turmoil in your life like divorce or financial breakdown. Therefore, paying off the debt may give you immense emotional as well as financial liberation. When you pay off your debts, you’re stress free and the enthusiasm can help to make a better financial and personal decisions in future. Paying off your debts and regaining control over your financial state may help you revive the love and care in your marital life.
3. Mental strength- Not to get back to the debt rut: When you pay off your overwhelming debt, your next step is to stay out of the debt rut. When you work hard to eliminate your financial woes, you may inculcate a good spending habit as well as exercise financial discipline. It can help you avoid getting in to the financial mess in future. So, you can be headstrong to avoid getting back to a similar situation and complicate your financial state.
4. Improve your relation with the loved ones: A marriage that survived the challenges of financial hardship may find a new meaning to their relation, once coming out of the debt trap. Therefore, paying off the debt may solve the intricacies in their relation and unnecessary arguments that may lead to misunderstanding. The process of paying off the debts may help the couples to communicate more honestly. So, on psychological level it encourages to lower the stress and regain control over finances as well as on their marital life.
Therefore, you can consider the above mentioned points in mind if you still think that paying off debt can never have psychological benefits. If you’re unable to pay off your debts on your own, then take help of a financial expert who can offer you a debt management plan. Try to pay off your debts to lower your stress and regain control over your social life.
Procrastination and Revenue Loss
It’s human nature to avoid what needs to be done and just focus on what you “feel” like doing. The most successful people in business fought against this impulse to wait and procrastinate. They recognize that the urge to put things off could crush productivity and a faster way toward building their business. So what are you doing?
We must look directly at the things we need to get done to accomplish our goals. Sounds like common sense? Ask yourself, what is that “thing” that I know I must do, but keep putting it off? Everyone has one or more tasks that they avoid like the plague and truth be told, most of the time they are very simple tasks. However, the nature of procrastination sneaks in and stifles productivity while weeks or months go by. For some, there’s a list of tasks and that list is the mountain they cannot seem to climb which is keeping them for getting anything done.
The key is to take one thing from that list today and do it. Don’t look at the list, look at one task and work it to completion. I will mention it again; we get in the habit of doing what we “want” to do in lieu of doing what we have to do. It’s good practice to take a break sometimes but remember, face the task, do that one thing today.
Keep in mind, when you plant a seed you don’t get fruit later that day. And when you take time to plant many seeds, eventually you will harvest a crop. Nothing happens over night.
Someday is today. Do it today. Start NOW!
Furthermore, I have seen countless companies who were experiencing hassles with billing and payments who procrastinated for years to get help. Should you continue to chase your money or make the effort for a better billing and accounts receivable system? Do you want to work harder or do you want to have efficiency ease the process? The choice is yours. Choose a specialist who has worked in accounts receivable since 1989. Take that one step and you will never regret working to increase your revenue. CJM Billing Solutions, Inc.
Greater Revenue Today!
You keep saying, “Someday we will get a handle on your accounts receivable to make it more efficient” but some day keeps moving down the calendar. This happens with most companies because they are satisfied that they are, at minimum, turning a profit and maintaining what they have been doing for years. Fact is their current process is working to some degree. However, as I have seen, most are missing out on greater success? I work with so many companies who had for years refused to look deeper into their process and focus on maximum effectiveness. As I have stated in the past, their only regret is that they did not act sooner.
Someday is today. Do it today. Start NOW!
I have seen countless companies who were experiencing hassles with billing and payment who waited years to get help. Should you continue to chase your money or make the effort for a better billing and accounts receivable system? Do you want to work harder or do you want to have efficiency ease the process? The choice is yours. Choose a specialist who has worked in accounts receivable and has years experience. You will never regret working to increase your revenue. CJM Billing Solutions, Inc.
Payment Pride and Executives
One of the most difficult obstacles to greater success in any corporation is making the executives and administrators realize there is a better way. Pride and “business as usual” are major reasons companies don’t experience advance revenue. Top executives in major corporations are making decisions every day that are causing loss and have negative effects. They will try 20 different ways to change and achieve with little results. The most successful businesses get help from outside consultants and enjoy greater success. How do I know this? Since 1989, I have worked with multimillion dollar corporations and implemented procedures that have made dramatic improvement on revenue.
There are hundreds of websites that can give tips and tricks to getting paid faster but virtually none show you how. Get help and get things right. Get experts with a proven history. CJM Billing Solutions, Inc. We’ve been increasing revenue for businesses since 1989.
Billing Problems
Are you tired of waiting for payment or begging for customers to pay on time? In most cases, the problem is not them it’s you, and the sooner you realize this the sooner you can stop chasing money continually.
Every customer makes a conscience decision about how, when and if they will pay you. Your procedure affects the rate at which you get paid. Your actions determine their decision and your income. Will they pay you or buy the newest gadget or pair of shoes? These are real thoughts in the consumer’s mind.
Too many companies are so busy creating new ways for the immediate dollar they lack effective long term methods that make payment priority. Problem here is, they offer too much leverage and diminish their rate of payment and percentage of income. They don’t understand that their methods create a negative effect. Remember this! You influence your customer’s choice to pay you now or later and sometime they don’t pay at all. Most companies are so afraid of losing the customer they are sloppy or timid about their approach to payment. Do things right and you will make the money, keep the customer happy and have a greater degree of success with less effort.
Accounts Receivable Efficiency
All accounts receivable departments are not the same. Some know how to maximize income while many fail in multiple areas and lose an unknown percentage of income. They simply don’t understand how much they are losing. The cost of ineffectiveness is heavy and in hard economic times can create a feeling of anxiety. You need to know your process inside and out or you lose. You must bring customers in line with methods guaranteed to have positive outcomes.
Collecting Funds Faster
Companies are scrambling to get new business, keep business and get money in the door. Most focus on immediate gratification and are unaware of the long term affects of their actions. In many cases they are more concerned about the immediate dollar than the customer. While this attitude does have some benefit monetarily, it can lead to disastrous unintended consequences which are difficult to manage and sustain. Truth is, you must do both, focus on the customer and the immediate dollar but most companies cannot seem to bring the two into unison.
When dealing with customers, there is a conflict. For example, when a customer takes advantage of your good nature to exploit your company and not pay. Do you fire the customer and lose that income source or do you continue to allow them to owe money month after month? The key is to break their habit. Bring them into a habit of payment. This is not an easy task but there are simple ways to change attitudes and keep the customer. If someone has been doing this to you for years, it’s extremely hard to break them of their tradition of not paying you. It’s not impossible, but very difficult. The key is to set the stage at the beginning of the business relationship and be consistent. When you set parameters from the beginning, it causes virtually most every customer to pay on time and even appreciate the business relationship.
Paying On Time
It’s viatal that your customers pay on time to assure maximum revenue potential. As a business ower, you are the first line of defence to making sure you can earn 100% of the money owed to you. However, as a business owner, you know the reality is that some people pay late almost every month. So many companies are afraid to go after their money aggressively becuase of fear they will lose the client. There are ways to get around this and if you know the secrets you can get paid on time and keep your customers. Take it from a billing specialists such as CJM Billing Solutions, Inc. Since 1989, CJM has been helping companies turn their policy and procedures around to improve profitablity. Knowing the correct way to approach different customers in different situations can make a great differece.
Billing Problems
Customers are the only reason you are in business. This may be an obvious statement; however, there are a great many businesses who don’t view billing as a way to satisfy their customers. When customers are billed properly the money comes in more consistently. When you have a weak system or inconsistent monthly billing process, it’s viewed as poor customer service and people need only a little reason to not pay on time. Give that space and you have yourself a line of past due and non-paying clients. Consistency is one of the most important factors in keeping the revenue flowing properly. A policy and procedure that can close gaps in your billing will not only keep revenue flowing but when customers are billed properly, it’s viewed as great customer service. Too many businesses are failing in part in this area and have to chase customers for payment month after month blaming the client and not themselves. The best businesses find the best methods to bill and enjoy the greatest success.
