• Most Popular
  • Most Shared

Creditors' Rights Lawyer Has Solution for Small Businesses to Survive

Thu Apr 24, 2008 10:53am EDT
Bernstein's new book, Get P.A.I.D.(TM), lays out model to help make it through
trying times

PITTSBURGH, April 24 /PRNewswire/ -- Everywhere you look, it's a crisis.
Credit crunch, subprime mortgage, gas prices hitting the roof, and it's enough
to make you wonder how any business, much less a small or startup business,
can make it through alive. Bob Bernstein, a nationally renowned creditors'
right attorney, has come up with a solution.
    "Time and time again, I saw the same mistakes being made. The same
processes being skipped, the same incorrect philosophies taking root," said
Bernstein. "Many small businesses, especially, provide easy credit to their
customers, thinking this will foster better relationships. But when they don't
pay, that philosophy backfires. You can end up losing both the money and the
customer."
    He decided to do something about it.  His new book, Get P.A.I.D.(TM), lays
out an innovative strategy for businesses to successfully manage their credit
policy and collect for their sales. As past president of the Commercial Law
League of America and The American Board of Certification, the country's
leading bankruptcy and creditors' rights certifying organization, Bernstein is
an expert. Get P.A.I.D.(TM) is Bernstein's comprehensive system for businesses
and credit managers to increase profits, reduce costs and delays, while
developing better relationships with customers.
    The book advances a radical new philosophy; credit policy isn't just about
collections. It's a business strategy to enhance customer relationships and
add value to a company.
    The four steps to the Get P.A.I.D.(TM) method include:
    -- Preparation: An explanation for developing an effective credit policy.
    -- Assessment:  Steps for assessing credit and defining the proper
       precautions to integrate the credit information with your credit
       policy.
    -- Implementation: A timetable for acting quickly on late payments.
    -- Defense: Strategies for dealing with deadbeats


    "The way credit is handled can impact a company's bottom line and can
affect the relationship a company has with its vendors and customers," says
Bernstein.
    Get P.A.I.D.(TM) is the first in a series of books and training materials
to help businesses reframe their credit policies, be more responsive to
customers, and increase their profits. The Get P.A.I.D.(TM) book is available
at http://www.getpaidsystem.com, http://www.amazon.com .
SOURCE  Bob Bernstein, Esquire

Bethany Ruhe of Droz and Associates for Bob Bernstein, Esquire,
+1-412-338-1818, bruhe@droz.com; or Vicki Caugherty of Bernstein Law Firm for
Bob Bernstein, Esquire, +1-412-456-8113, vcaugherty@bernsteinlaw.com



More from Reuters

Photo

Time Warner Cable, Fox at impasse; blackout looms

NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.

A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009.  REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article