The book, "Become the Squeaky Wheel," by New Hampshire author Michelle Dunn, says the different ways people use and extend credit makes or breaks your credit policy and bottom line, which could result in less or more sales and money for your business.
"Business owners all have different types of businesses but can all extend credit," explains Michelle Dunn. "So it should only make sense that no two credit polices can be the same."
Dunn explains that one major difference is if you have a service or retail business. Your credit policy should use multiple facets to cater to prospective customers but also protect the business owner.
"You are limited in what you can and can't ask a prospective customer in order to extend them credit," says Dunn. "Business owners need to be aware of what these questions are and what the laws are before they create their credit policy." Your credit policy helps to filter customers so you don't have to spend your time chasing your money. Your best policy will be short, easy and to the point, it will avoid long-winded statements and a lot of legal or big words. Always create your forms with the reader in mind, the easier and clearer the better.
Michelle Dunn has over 17 years experience in credit and debt collection. She is the founder of Never Dunn Publishing, LLC, is a writer, consultant and the Editorial Advisor for Eli Financial Debt Collection Compliance Alert Newsletter. Michelle started M.A.D. Collection Agency and ran is successfully for 7 years. She also owns and runs Credit & Collections.com an online community for credit and business professionals.
She has written 5 books in her Collecting Money Series. She is currently writing a book for the Streetwise Series, part of the Adams Media Corporation. In addition to writing and marketing her books, Michelle moderates and runs Credit & Collections.com and was a member of The American Collectors Association for 9 years. Visit http://www.michelledunn.com or http://www.michelledunn.com for more information on any of Michelle's books or services.
Beecher limo rentals ..Unfortunately for all buyers, each selling organization and their individual... Read More
I believe the number one reason why a business will... Read More
As a successful small business owner,you're accustomed to long hours;... Read More
One of the first things you will need to set... Read More
You've heard marketing and advertising gurus quip, "Sell the sizzle,... Read More
Why? Because they have access to world class public relations... Read More
You are selling your small business (business value under $1... Read More
What would happen if you decided to take an extended... Read More
Did you know that satisfaction is the number one emotion... Read More
Most small business owners seek advisors who can help them... Read More
It's a strange anomaly.Most people who set out to start... Read More
Seventy percent of US households use the web when shopping... Read More
As you may already know, asphalt paved parking lots do... Read More
In my previous article, Step 1, your challenge for the... Read More
Many of our nations 400,000 franchisees run their businesses out... Read More
Why Alliances FailWhen do you know an alliance is falling... Read More
Opening a carpet cleaning business is a great way to... Read More
Starting the blind cleaning business is one of the best... Read More
Having a successful business means also having a good working... Read More
How do you make sure you have the business solutions... Read More
Most business owners know when they need an accountant, but... Read More
Work smarter, not harderWhat is one of the best ways... Read More
As a solo entrepreneur or small business owner, one of... Read More
Have you ever heard the phrase, 'PREPONDERANCE OF PROOF'?I recently... Read More
You can't imagine how many people ask me how I... Read More
Bridgeview limo Chicago ..Why are we over regulation the franchising industry, what purpose... Read More
There are many choices when thinking about a small business... Read More
Concrete cleaning can be a lucrative business to start. Here... Read More
North County San Diego has had some significant growth, and... Read More
We love Wichita because it has great all round weather... Read More
As a teenager I worked for my father's small business.... Read More
It behooves every professional mobile auto detailer to stay up... Read More
We're birds of a feather, public relations and small business.... Read More
Like most regulatory bodies in the United States, the Federal... Read More
A lot of business owners I've spoken with lately have... Read More
Most smart entrepreneurs and all large corporations have Employee Relations... Read More
Writing a business plan for your Solo Entrepreneur business doesn't... Read More
One of the simplest ways to expand your marketing efforts... Read More
Most small businesses simply go about their daily business and... Read More
The temporary staffing industry continues to expand, with yearly double-digit... Read More
If you are looking for a way to own your... Read More
-- The One Pager Shortcut Series --People do business with... Read More
When is it a good thing to say no to... Read More
Unfortunately for all buyers, each selling organization and their individual... Read More
To have one of the popular in home daycare businesses.... Read More
Running a small business requires many skills. However, to do... Read More
What is a Virtual Assistant?A Virtual Assistant is a person... Read More
Costs of over regulation and over disclosure end up hurting... Read More
KEEPING INTEREST HIGH: Supervision is key to the success of... Read More
Franchising is the fastest way to build small businesses, provide... Read More
Small Business |