Category Archives: accounts management


U.S. Predicts Growth in 2012


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© LienItNow.com, Inc. All rights reserved. LienItNow.com is a dba of NJLien.com, LLC, which is located at 946 Main Street, Hackensack, New Jersey 07601.
LienItNow.com and NJLien.com are not law firms and are not a substitute for an attorney or law firm. LienItNow.com and NJLien.com, LLC cannot provide legal advice and can only provide self-help services at your specific direction. Prices, features, terms and conditions are subject to change without notice. For more information about how LienItNow.com uses your information, please see our Privacy Policy.   
GROWTH IN 2012 – FINALLY



PressureGovernment Predicts Growth Through 2013 

When the Bureau of Labor and Statistics released its forecast data for 2012 and 2013, it showed growth in both years. With a baseline forecast predicting growth of at least 1.6% in 2012 and 2.4% in 2013, the construction industry seems to be on the mend, barring a recession.

Positioning a company for growth may be something that is finally on the minds of contractors across the country.
For those that are looking to make sure that they receive payment for new or existing work, LienItNow can provide the notices to owner that are so necessary to preserve lien rights. For information on what needs to be done in your State, visit our FAQ section.


prelienConstruction Industry’s Size Still Hefty 
An interesting statistics for you to chew on: there are over 884,000 construction companies in the United States.
Of those companies, there are obviously many segments, including plumbers, electricians, drywall contractors, suppliers, heavy and civil engineering contractors, specialty trade contractors, and many, many more.
If you know how many companies exist in a certain segment, you can start to narrow in on the opportunities to find a potential job, or a potential customer.
Here are some quick numbers on the size of certain segments of the construction industry:
*269,700 Building Construction Contractors 
*57,600 Heavy and Civil Engineering Construction or Highway Contractors
*$557,000 Specialty Trade Contractors
*68% of all Construction Industry Companies employ fewer than 5 workers.
If you are dealing with a new company, we’ve added an additional credit check service to help you check them out.  Click here for more information on our credit checks 


move5 Ways to Get Paid  
The constant fight of getting paid never ends.  Here are 5 things to do to help speed the process along.
1. Always file a notice to owner (prelien or preliminary notice) at the beginning of the project, letting him know that you are on site and expect to be paid for the work you do.
2. Make sure you stay on top of your receivables: don’t allow payments to be more than 60 days past due without phone calls, emails and even formal letters.
3. If you are a subcontractor, make sure the owner knows you’re not getting paid.  If a stop notice is available in your State, get one out there.
4. Run a credit check before working with someone for the first time.
5. File a mechanics lien or construction lien BEFORE you hit the 75 day overdue mark.  The sooner you file, the more likely you are to get paid.
Save 10%
When purchasing, use coupon code ACTNOW to save 10% on any orders until the end of December, 2011. This discount cannot be combined with any other offers.
Offer Expires: December 31, 2011 

LienItNow
| 946 Main Street | Hackensack | NJ | 07601

Breathe & Reboot



Our Services

 











  
Find us on Facebook 
View our profile on LinkedIn
946 Main Street,
Hackensack, NJ 07601


1-888-543-6765


Our team is here to help you with any questions.  Please call today.
© LienItNow.com, Inc. All rights reserved. LienItNow.com is a dba of NJLien.com, LLC, which is located at 946 Main Street, Hackensack, New Jersey 07601.
LienItNow.com and NJLien.com are not law firms and are not a substitute for an attorney or law firm. LienItNow.com and NJLien.com, LLC cannot provide legal advice and can only provide self-help services at your specific direction. Prices, features, terms and conditions are subject to change without notice. For more information about how LienItNow.com uses your information, please see our Privacy Policy.   
It’s Never Too Late to Breathe and Reboot


Construction Season is Here: Start This Year Off Right 
1) Take a Breather.
2) Take Advantage of Us: We Won’t Mind.
From large companies to small, we’ve had a lot of people call us and ask for advice on how they should be set up to run an account. From the moment you land that customer to fulfillment, we have a customizable plan that can work for you.
3) Reboot.
Once you’re done evaluating, take the time to reboot your systems and implement the new ones you’ve now discovered..


PressureTake a Breather 
What I’m about to confess is going to sound awfully girly – and I’ll blame it on my wife’s obsession with watching reruns of her favorite show. 
One of my favorite quotes comes from an episode of “Sex and the City.” 
Specifically, there’s an episode where Carrie has relationship trouble with her boyfriend of the day. In this episode Carrie’s computer crashed, leading to relationship and worklife catastrophe. Once her computer was fixed and her relationship was back on track she said, “The best we can do is breathe and reboot.”
You never know when you’re going to have to take a deep breath and reboot – whether it’s your computer, your love life, or your business. In fact, if you’ve been in business long enough, there have probably been countless times when you’ve had to breathe and reboot – in the form of a new strategy, a new obstacle, or a new goal.  
No matter how long you’ve been in business or how many projects you’ve completed, it’s never too late to revamp your strategy. Sure, some customers may be lost forever due to prior unfortunate incidents, but that’s the great thing about our industry – there are hundreds of thousands of companies to attract, impress, and do business with. 


moveTake Advantage of Us – We Won’t Mind 
  
Over the years, we’ve had a lot of people call us up and ask how their accounts management systems should be set up. Many have even asked to outsource it to us!
  
While everyone’s business is different and requires additional considerations, we learned a few things that you can use to keep your accounts in-line all the time.
  
1) Start with reliable credit checks.
Most companies want reliable credit checks, but D&B reports aren’t interactive and are often stale. We provide a detailed credit memo that provides you with an intelligent report on the business that is applying for credit: we call their references, we take a look at their accounts, and we get the answers that you just can’t get when you run a static D&B report.
2) ALWAYS send a Notice to Owner at the beginning of each project. Yes, we mean ALWAYS! Notices to Owners often are forgotten in the flurry of starting a new project: Put us on your list of things to do at the beginning of a project. Forgetting to send that Notice to Owner or prelien notice can have a devastating effect on your lien rights. If filling out the online form is too time consuming, email or fax us a copy of the purchase order or face page of your contract. If we have any additional questions, we’ll let you know. 
  
3) The 60 Day Rule for Liens and Follow Up Management: Don’t waste time negotiating with someone who isn’t willing to pay. Most states require that liens be filed within 90 days of your last date of work. Some states allow as little as 60 to 75 days for residential work. Run your receivables monthly, and if someone is 60 days late with payment, give yourself some leverage and file a lien or a bond claim. It’s also often a good time to refer it to collections, but that’s your call. Keep in mind that the longer you wait, the harder it is to collect the money.


prelienReboot. 

So, how do you know if it’s time to breathe and reboot? 

Think about your current system. Is it squarely-focused on ensuring that you are signing up with the right customers? Is it keeping your receivables under 5%? If it’s not, it’s time to breathe and reboot! Remember, no one is going to pay you if they don’t have to. If you’re not staying on top of your business, you can’t expect the customer to come to you that they don’t have the qualifications for you to extend them credit.   
Before the season gets busy, take some time to step back and breathe; take a look at our suggestions to see if you’re on the right track; then take some time to implement the changes and reboot. You’ll be happy you did.  


Save 10%
When purchasing, use coupon code ACTNOW to save 10% on any orders until the end of March, 2012. This discount cannot be combined with any other offers.
Offer Expires: March 31, 2012 
LienItNow | 946 Main Street | Hackensack | NJ | 07601