With more optimism from business executives, companies will be spending more money to promote growth... Businesses can run the risk of becoming too optimistic and over-spending their money.
Atlanta, GA (PRWEB) February 17, 2015
C2C Resources, a national commercial debt collection agency, released a comment today following a recent report conducted by the Wall Street Journal and Vistage International, on the economic expectations of small-business owners and executives. The company believes that the outlook of business owners can directly affect the cash flow of all business across the United States.
According to the report featured in Wall Street Journal, titled “Solid Economy Causes Small-Business Optimism to Surge” by Angus Loten and Ruth Simon (January 1, 2015), around 50% of small-business owners and executives expect economic conditions to continue to improve throughout the upcoming year. The study, conducted online from December 8 – 17, 2014, also concluded that 80% of responding small-businesses anticipate better sales in 2015 compared to 2014.
Todd Tinker, President of C2C Resources, believes this level of optimism will lead to increased business spending throughout 2015, which could ultimately result in an increased cash flow for businesses across the country.
“Cash flow problems are the number one reason for unpaid invoices,” explained Tinkler. “With more optimism from business executives, companies will be spending more money to promote growth. As a business, you need to make sure you monitor who you service because optimism does not always equal financial success. Businesses can run the risk of becoming too optimistic and over-spending their money. That’s when your company’s invoices become neglected and unpaid.”
Tinkler suggests businesses should utilize third-party monitoring software to monitor customers’ credit. The key areas to monitor include: order and payment trends; earning reports; news about the company; public records; and any salesperson observations from customer interaction.
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 25,000 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.
C2Cs 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.