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Latest revision as of 18:19, 19 May 2023

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Further, because you have handled these accounts through the cash collection system, you can focus 100% of your efforts into the pre-60 day late accounts, increasing the collection rate there, as well.

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Your business is able to afford to submit accounts much earlier in the cycle (60 days instead of 120 days or later), because the account balances aren't getting swallowed up by fees. And, because you are able to submit the account earlier, the recovery rate is much, much higher because they haven't gotten too old to collect effectively.

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The first "5" in the equation represents the 5 people that you call our friends, associates, etc. I suggest that you make a list of the 5 people that you associate with on a regular basis, and then take a good look at it to see if they either have goals similar to yours or are progressing towards the achievement of a goal similar to your 5-year vision. A major key to unlock the secret to your future is to be 110% conscious of the fact that you will ultimately become who you associate with.

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junkyards near me If you must buy used, be sure to do a thorough visual inspection. That means you need to look inside and out. Inspect for internal corrosion and damage to the cooling fins and hose connections.

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