The importance of small business cash flow is essential. We have a sector that accounts for the stability of our nation and the job market, yet research finds that these businesses cannot get off the ground.
Atlanta, GA (PRWEB) June 11, 2014
C2C Resources is pleased to announce that the company has released three tips to improving a business’s cash flow. As a business debt collection agency, C2C Resources regularly works with businesses that deal with customers who are unable to pay their bills. It is C2C Resources’ mission to help not only the accounts receivable departments collect the delinquent balances, but educate companies so they do not experience similar situations.
The Associated Press recently released an article featured in the Star Tribune titled, “Fed chair notes that more than half of jobs added during recovery came from small businesses,” (May 15, 2014) authored by Josh Boak. In the article, Boak states that the Federal Reserve Chair Janet Yellen found that more than half of the jobs gained over the past five years have been from small business.
With small businesses aiding significantly in the growth of jobs, Todd Tinkler, President of C2C Resources, finds the effect of small business on the economy positive, but concerning with the health of most small businesses. According to the U.S. Small Business Administration (SBA), roughly 50 percent of small businesses fail within their first five years; most from poor credit, too much debt and insufficient capital funds.
“The importance of small business cash flow is essential,” said Tinkler. “We have a sector that accounts for the stability of our nation and the job market, yet research finds that these businesses cannot get off the ground.”
Tinkler believes there are only three simple steps to improving a business’s cash flow: make customers pay; review the company’s budget; and consolidate and restructure the companies’ business loans.
“By accomplishing these three things, which I admit can be time-consuming and challenging, companies can reduce their monthly costs,” said Tinkler. “When a business is not paid by its customers, it can make that business struggle. By both minimizing costs and demanding that customers pay, companies will not face the challenges of meeting payroll and paying bill.”
To read the tip sheet in its entirety, visit: http://www.c2cresourcesblog.com.
About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 20,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.
C2C’s powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.