Issue #6: Climbing Out of The Crunch
{see} Digital Magazine - Issue #6Published: April 6,2009
In this issue we look at some real world tactics you can employ to cope with the current economy. Credit and collections blogger/editor Gary Jensen helps you cut costs with pre-qualifying techniques that can seriously improve your company's efficiency. Collections guru Michelle Dunn shows you how you can collect from companies that owe you even when they go out of business. And we gather some consumer points of view on paying debts to companies that close.
Plus, we help you sort out how the Red Flags Rules that are going into effect in May will affect your business. And you can test your background checking skills with our tenant screening game.
Finally, the people at MicroBilt who bring you {see}, the magazine, are celebrating our 30th year in business. As any 30 year-old does, it's only natural that we reflect a little on the past 30 years. All year we'll be delivering our usual complement of articles and viewpoints to help you manage your business, plus we'll offer our own 30-year perspective on the issues facing small- and medium-sized businesses today. With all the helpful information we've squeezed into this issue of {see} it's sure to help you climb out of the economic doldrums.
FEATURED ARTICLES FROM ISSUE #6
DO THE NEW RED FLAGS RULES APPLY TO MY BUSINESS?
Millions of businesses across the U.S. are affected by the new Red Flags Rules intended to help detect identity theft that go into effect on May 1st. Owners or managers of as many as 11 million businesses don't even know they are subject to the rules. The rules say that any creditor ... More
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WORRIED ABOUT YOUR RED FLAGS PROGRAM?
Rapper and comedian GoRemy says to chill and check out his hot new hip-hop song about solving your Red Flags problems. Created exclusively for MicroBilt, this video remains an internet sensation. See the Entire Video and More Inside {see} Digital Magazine
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WHEN DEALING WITH FACTA RED FLAGS RULES, WHAT IS A COVERED ACCOUNT?
Whenever you offer an individual or business the chance to purchase on credit and defer payment you are creating a "covered account" because you are "covering" the cost of the product and being paid back over time. To help demonstrate the differences ... More
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COLLECTING WHEN THE COMPANY CRUMBLES
How to settle debts with a company that’s going out of business
By Collections Guru Michelle Dunn
What happens when a business closes its doors? If you owe the business money, do you still have to pay the balance? If they owe you, will they still pay their outstanding bills? Many businesses are using the "financial crisis" excuse and trying to get out of paying outstanding ... More
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WHAT DO CUSTOMERS THINK HAPPENS TO THEIR DEBTS WHEN STORES GO OUT OF BUSINESS?
We asked several shoppers outside of a liquidating retail location and the responses were very enlightening. Check out this segment of {see} What People are Saying to hear some of the responses and to see some of the confused looks we received upon follow up questions. Watch the Full Video and More Inside {see} Digital Magazine
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PRE-QUALIFYING PROSPECTS AT SALES TOUCHPOINTS
By Gary Jensen
Have you ever spent time pitching your product or service to someone only to find out that they can't afford what you're selling, or that there is no urgent need to buy, or that you aren't talking to the decision maker? Have you ever closed a deal, only to conclude later that the ... More
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HOW MUCH DO YOU SPEND QUALIFYING CUSTOMERS
Find Out Using our Online Calculator
This issue of {see} Digital Magazine contains an interactive calculator that MicroBilt developed, allowing users to calculate the amount of money typically spent on qualifying customers. Simply enter the time your sales person spends qualifying customers and the salesperson’s hourly rate to instantly see what you’re currently spending. Once you’ve tried the calculator, {see} provides some great information on how to reduce your costs and make your qualification process more effective. Try the Calculator and More Inside {see} Digital Magazine
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LESSONS LEARNED FROM 30 YEARS IN BUSINESS
3 Decades, 3 Recessions and 3 Ways Small Business can Climb Out of the Current Recession
MicroBilt has been around for 30 years. In that time we've seen a lot of changes. Throughout this year we'll be looking back at the last 30 years and bringing you lessons learned from the past. Given the state of the economy, it seems only fitting that we look back at some of the recessions ... More
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REAL WORLD BACKGROUND SCREENING FOR PROPERTY MANAGERS
The Risk of Renting are No Longer Just Financial (Will they pay or not?) You may not be able to rule out all potentially problematic tenants, but a simple background check can give you a lot of information about any criminal activity or other skeletons an applicant might have in ... More
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BEST OF THE WORST
We Asked for Your Employment Background Screening Horror Stories Here are some of the gems ...
CFO, Chief FAKE Officer A while back we hired an auditor who informed me that my Chief Financial Officer was in personal bankruptcy. The CFO denied it but I ran a background check and found out that the auditor was correct ... More
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