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5 Steps for Debt Recovery

Sound collection procedures and processes do not always stop bad debt occurring. The important step is knowing how and when to increase the severity of the action to be taken to recover these bad debts.

Debt recovery

Early communication with the debtor is on one of the key steps to ensure recovery of the debt.

This contact needs to be consistent and measured to determine what action mostly achieves the desired result.

There are various collection processes that can include:-

  • personal contact with your client either face to face or via the telephone
  • written demand requesting payment
  • negotiation
  • use of a debt collection agency
  • legal action

Contact

Collection of your overdue accounts should be a daily task not just looked at when cash flow is poor.…

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Modern Retail: Is Location Everything?

The retail industry has changed dramatically over the past 30 years. Stores are no longer gathered in downtown neighborhoods and rather than attracting people to the marketplace, out-of-town shopping malls must offer shopping possibilities and a broad range of eateries, from budget-oriented fast food to upmarket restaurants, as well as movie theaters and fitness centers. More recently, the future of these malls has been threatened, as an increasing number of consumers find it more convenient to shop online.

Berlin mall

What is the future for brick and mortar stores?

The death knell for actual physical stores, or ‘brick and mortar stores,’ has supposedly been sounded for many years now.…

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Complying with Relevant Laws and Legislation as a Business Owner

The economic pendulum has swung again in the last financial quarter, with businesses throughout the Eurozone responding negatively to widespread decline. This has yet to impact on British business owners, however, as they remain optimistic about future growth and the potential for long-term expansion. Whether such sentiment can be sustained indefinitely has yet to be seen, but in the meantime it is important that entrepreneurs look to safeguard their venture and consolidate any success that they have enjoyed in 2014.

Regulation compliance

How to Create a Compliant Business in 3 Easy Steps

Compliance is one the most important factors when maintaining a successful business, so consider the following steps towards achieving this goal within your firm:

1.

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Tips for Small Businesses That Want to Use Automatic Speech Recognition (Infographic)

Automatic speech recognition technology (ASR) and its complementary technology known as IVR (interactive voice response) are both systems you’ve almost certainly used before in a personal or business context.

Apple Siri

These are the technologies that allow machines to interact with humans through audio communication and anybody who’s ever used an automated telephone customer service system, a voice powered text editing program or a smartphone interface like Siri on the iPhone has come into contact with one kind of ASR/IVR software or another.

The possible business applications of these systems are numerous and your company could definitely benefit from using ASR technology in a number of contexts.…

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How to Avoid Killing Good Email Design with These Five Campaign Enemies

Email marketing campaigns are a delicate balance of different factors interacting in just the right way to create what is an overall smooth flowing campaign. Because of this, numerous little factors, some of which can even be hard to identify, will influence if your campaign runs smoothly or suddenly fails in some way that causes drops in beneficial metrics.

Good email design tips

In order to minimize this risk, you need a hit list of the most problematic elements that are likely to screw your campaign up, so you can get rid of them in advance.

Luckily, this post is dedicated to giving you a quick and easy to follow “public enemies” list of the worst and most common offenders you’re likely to meet, described as actual characters.…

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CEOs: Meet and Connect with Jon Miller

The month long celebrations of the 1 year anniversary of The Made in NY Media Center by IFP are truly starting off in style. Members of the Media center will get a chance to meet Jon Miller, former AOL/Time Warner Chairman.

Face to Face with Success contest by Made in New York Media Center by IFP

The Media Center is a space where you can find dedicated desk space and opportunities for business development and mentorship. It also provides members with a platform to connect with other entrepreneurs, technologists, storytellers and visionaries.

This 20,000-square-foot facility is located on the ground floor of 30 John Street in DUMBO at the intersection of John and Jay Street. It features co-working spaces, a 72-seat screening room, an art gallery and café.…

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How Developers Can Secure Their Apps in the New Age of Web Attacks

Ensuring app security is a basic necessity for app development and should not be just an afterthought. Cyberattacks on mobile devices have increased over the years with the growing popularity of web-enabled smartphones and tablet computers. As such, there is a clear need to actively protect apps from various types of web attacks. There is also a need to be dynamic with the kind of security measures to implement. The nature of attacks has changed so the techniques and strategies used in the past may no longer be as effective at present.

There is no perfect formula in addressing the evolving nature of web attacks on apps.…

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Are you Making The Best Use of your Resources?

Small business, by definition, is something that is run out of minimal resources and budget. It is hence quintessential for these business owners to make the best use of what is available and thus extract the maximum mileage out of their resources. What this means is that SMBs get very little leeway when it comes to experimentation and exploration of new channels. This is a vicious cycle because without experimentation, you can never know what’s best and what should be avoided.

Resources at hand

So how do small business CEOs get out of this catch-22 situation? Here are some tips.

Validate Everything

If you are a family run business with years of operation under your belt, it is likely that a lot of money you spend on marketing and operations are already budgeted for.…

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How to Manage Disruptive Elements and Change Management Within Small Businesses

When small businesses let go their conventional habits and look for improvement, various obstacles will start coming their way. These obstacles may be internal and external. Before a small business owner or manager tackles the external problems, he or she ought to manage the internal obstructions. If internal harmony prevails, the company that undergoes improvements can meet them in confidence.

Change management

It is normal that most of the new approaches receive discouragement, and the modifications will also face numerous obstacles. In preparing beforehand to meet these obstacles and facing them, will make any change management a success.

Enmity among Staff Members

This may more often appear in the transformation processes.…

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Australia’s Finest: My Favourite Graphic Designers from Down Under

The world is full of amazing design talent, and they don’t all hail from the UK, Europe, Asia, Canada, or the United States. Here is a collection of my homegrown heroes!

I feel that when I pick up one of my favourite design magazines like Computer Arts magazine, Juxtapose, and the like, I don’t see enough representation from the land down under, so I decided to compile a list of my own.

Deanne Cheuk

This thought first came to my mind when a friend of mine was looking for a job in a graphic design agency in Sydney, and he was looking for local inspiration to produce a portfolio of items, which paid tribute to his strong national pride.…

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