To get a deal done, recruiters will sometimes say ridiculous things in emails and in person and not get a contract signed. This is a terrible idea as a signed contract is your safeguard against non-paying clients. However, there may be a few things you aren’t accounting for that might catch you off guard. So, in this Monday Morning Memo, we will be going over why recruiters want to get a signed contract versus creating a contract and a few situations that you might encounter.

Credit risk is an issue that many types of firms will have to deal with regularly. These credit risks threaten your business’s stability, so you need to know how to deal with them. Engineering firms are especially at risk if they are betting on that one big job or large contract. In today’s Monday Morning Memo, Wilson and Samantha Cole go over a few things that engineering firms need to do to minimize their credit risk.

Due to today's unstable economic climate, one thing you can expect is that your business may struggle. Many reasons can cause these problems, but the end is almost always the same. Either your business survives to see another day, or you don't. This is why you should take every advantage you can get. One of these is the Small Business Administration Economic Injury Disaster Loans.

When a business is at risk, there will always be five warning signs. However, the third warning sign can be a real tipping point. This situation is when an account is 60 to 90 days past due. It is critical, and speed is of the essence if you want to collect your owed fees.

Recessions can be a large part of running a business because of how it affects your own business and your clients. We've seen a rise in the number of times our client's debtors have made excuses as to why they can't pay their debts.

Adams, Evens, and Ross and Back Door Hire Solutions have been undergoing a few great virtual changes that have helped us improve our systems. Today Wilson and Samantha share some of the best changes that we’ve made that you should also be using.

Wilson Cole, president of Adams, Evens, and Ross interviews Gordon Bizar regarding the pandemic and the inevitable slow down of the economy. Wilson has worked with Gordon for many years and he is considered Wilson’s mentor for 20 years. He has insight into many different industries, and a wealth of experience from the many different cycles over the years.