Recent Solutions
Combine the Potential of Professionals and
Technology and you will find
Financial World Solutions, LLC.
New Debt Collection Technology will soon become
the standard amongst those in our Industry whom dedicate themselves
and their employees to change their mindsets:
Our new administration's perspective about debt collection practices,
along with citizens suing and winning suits against Collection
Agencies, the Debt Collection Industry as a whole will be required
to comply with government oversight standards not seen in our
Industry before.
Those of us who elect to comply will not deny the additional knowledge and software requirements needed. We at Financial World Solutions firmly believe that every investment in ourselves and our business will only enhance our quality of life as well as our prosperity in business. It's a universal paradigm.
Financial World Solutions is committed to keeping
our clients abreast of the most recent governmental policy changes
that will be certain to affect our businesses if we don't pay
attention.
A recent example of New Accounts Receivable Management software
and the protection it offers is available from
MicroBilt.
HOW MUCH MONEY WOULD YOU SAVE BY PREVENTING NEW FDCPA LAWSUITS IN 2009?
600+ FDCPA lawsuits are filed every month! An average lawsuit
costs $3500 to resolve. You can pre-empt many frivolous suits
with our service. Stop just one per year, and this service is
paid for 3+ times over. A lawsuit does not have to be legitimate
to be very, very expensive for you.
Changing your business mindset for new levels of performance!
Our economic landscape has transformed dramatically over the last few months with predictions of a hike in bankruptcies and repossessions starting to materialize and numbers facing bankruptcy rising by 7% in the third quarter. At the same time, statistics from the Council of Mortgage Lenders show that the number of homes being repossessed by mortgage lenders also rose in the third quarter by 12% to 11,300. Unemployment is at an 11 year high with economists predicting it could top two million within months, while The Bank of England has forecast that the economy will contract sharply in 2009. Whether the measures outlined in the Pre-Budget report to improve liquidity for business and boost consumer spending will jump start the economy, remains to be seen. In the meantime, it seems certain that conditions are likely to get worse before they get better.
Now you have just been served the mass media message of doom and gloom. Again, we at Financial World Solutions elect to clearly see the opportunities associated with our current economic backstage as opposed to accepting the disparagingly negative sound bites others choose to follow and believe. By adapting our new business model, new technologies and Industry contacts allow us to meet the needs of our clients with ease of transition, solid communication and follow up.
Many would assume that the current world economic crisis would provide the ideal conditions for debt purchasers to thrive - with more and more people struggling to manage their finances and debts. However, debt purchasers, like most other businesses, are not immune from the economic downturn. Dented consumer confidence and a lack of refinancing options available have had a huge impact on the collections environment. While more work is flooding into the industry, most debt collection operations are struggling to get settlement of debt in the same way as before. We have seen a shift in repayment patterns towards smaller amounts spread over a longer period with fewer debtors making larger one-off payments.
It is not just consumers who are finding new lines of credit harder to come by. Purchasers too are finding it tough to fund the acquisitions of portfolios as banks' lending has become more expensive and criteria more stringent. The huge expansion in the debt purchasing market over the last five years means many companies are still in their infancy and banks are looking more closely at companies' track records as a determining factor in deciding whether to renew credit and on what terms.
More merger and acquisition (M&A) activity looks certain as many businesses who have not prepared for the current climate start to falter while smaller players are likely to get swallowed up by those more robust. However, not all debt purchasers have the financial reserves available to back this up. Banks' current short term and cautious outlook is causing the collapse of potential M&A deals as those looking to acquire a business want a longer term commitment of finance which is difficult to secure at the moment.
The deals that will go through are the ones that are small in size and will not require a lot of bank finance - or where the existing owner has to sell and isn't too concerned about the price they get. I believe that there will be more strategic deals and use of capital during these credit-stricken times. Our perspective at Financial World Solutions is undeniably positive. We choose to find the opportunities that exist in this time of critical business environment changes. We choose to do the hard work; finding the most productive and forward thinking companies to associate and do Industry Compliant business with.
Ideal Solutions
Recent Jobs
The U.S. Department of the Treasury launched a new web site--FinancialStability.gov – to provide the American people with information about the Obama Administration's efforts to stabilize our financial system.
Focus. Determination. Knowledge. Mindset. Confidence. Connections.
How to Increase Workplace Productivity in 2009
2009 is the year to be more productive. Getting
more done with less will help to ease some of the stresses and
strains of the economic downturn. Increasing workplace productivity
through simple changes in your working habits can impact the
bottom line in a major way if you and your team take a disciplined
approach to your day.
Stress kills! Let's all enjoy our professional and personal
lives by simplifying and managing everything more productively
to serve us all better!
Critical Steps
Create a list called follow up. When someone asks
you to do something via Email or telephone, add it to the list.
Schedule times of the day or week when you action follow ups.
You decide how you run your day.
Turn
off your Email client. Only reach for that Outlook
button two or three times a day. Do not become a slave to your
Email.
Abandon all forms of paper signatures and contracts.
Get things signed faster and smarter - avoid delays in contract
signature by going digital. It is legal and seriously cost effective.
Take a look at how easy it is at Echosign.
.
Learn what RSS
is and use it. It will make you a better, more efficient
business person within hours .
Stop spending hours searching for files and data.
Stop right now, reorganize your data structure if its not working
for you and if in doubt, seek advice on how to do it.
Put an out of office message on your Email which reads like
this: Thanks for your Email. Today, Tuesday, I will
only be accessing Email 2 or 3 times a day during the day and
so may not reply immediately. If you request is urgent then
call me on _____Update the message every day. Your people will
soon get the message.
Leave the office when things get tough. Leave your
working environment - go for a walk, run, drive or cycle for
an hour to clear your mind and give it time to think. You will
be more productivity and more creative when you return.
Shortcuts
can shave hours of a week. Learn some basic
PC shortcuts - stop doing things the long way round. Multiply
up the time savings across your office and you will be surprised.
Talk
to your team. You are always looking at way to trim
costs, right? When was the last time you looked at how your
business wastes time with unnecessary processes? Schedule a
meeting right now and kick off the trimming process immediately.
Make a commitment to you and your team to make 2009 the year
to really focus at increasing workplace productivity.
Look for relevant Accounts Receivable Management training which
can really motivate you and your team to become more efficient
as an organization for virtually no cost. Here's to a productive
and prosperous 2009!
Sources and Citations
Relevant example training course:
Increasing workplace productivity
Excellent web resource
Lifehacker - productivity tips
Another
great place for
productivity tips Increasing workplace productivity
"Prudent
adherence to ACA International's Code of Ethics and Code of
Operations is imperative"!
Financial World Solutions
CEO, Douglas Yuschalk
Tips
No
matter what type of goals you set, you should always find something
to track its progress. The benefit of doing this is that you
will always know whether you are making progress or not. If
you are, you will feel encouraged and become confident that
your goal is reachable. If you aren't, you will know immediately
that what you are doing isn't working for you, and it isn't
moving you any closer to your goal. Then you adjust your plan
and find something else to try, until you have found the right
way to do things that will eventually achieve your goal.
Setting
and achieving your goal shouldn't be that hard once you have
learnt how to effectively track your progress. All you need
to remember is to review your goals regularly, break things
down into manageable steps, make it measurable and finally track
your time working on your goals. Once you have mastered to do
these things, you can accomplish anything you want.
*
How to Achieve Short Term Goals
*
How to Reach Your Hardest Goals
*
How to Accomplish a Goal
*
How to Set Goals for Life
Sources and Citations
Goals
On Track
Financial World Solutions leads with
Integrity * Intelligence* Knowledge
* Experience Contacts * Success!
“Integrity is what we do, what
we say,
and what we say we do”
Leading With Integrity
Leadership is often defined as getting other people to do what
you want. Using this definition it is no wonder that many people
revert to using underhanded tactics to try to "Trick"
their followers into doing what they want. This is a shortcut
to leadership and doesn't result in long term value. It is this
type of "Leadership by trickery" that makes people
automatically suspicious of their leaders. If you want to develop
a long term foundation for leadership, these types of short
cut tricks will only prevent you from achieving your goals.
Once some of your followers realize that they have been tricked
you will lose any credibility you started with.