SOURCE: Sequoia Financial Services

Sequoia Financial Services

October 19, 2010 16:02 ET

Sequoia Financial Offers Three Steps to Improving Profitability During Tough Economic Times

GLENDALE, CA--(Marketwire - October 19, 2010) -  There is no question that businesses are struggling, often overlooking simple steps that can bolster revenue and improve profitability. From poor revenue cycle management and missed insurance subrogation to past due bills and unpaid judgments, businesses are in dire need of revenue-generating solutions such as those provided by Sequoia Financial Services.

As a result of these tough economic times, increasing numbers of businesses are collectively losing out on billions of dollars in much needed revenue. Why is this happening? According to insurance and healthcare industry consultant Chris Tidball, "Businesses have to do more with less. They have fewer employees, working longer hours, often missing out on this revenue as they pursue other organizational goals."

Tidball goes on to say that businesses can quickly gain a competitive edge in their respective markets by implementing three simple steps. 

Step 1 -- Recognize that money is being left on the table and implement a process for recovery. This doesn't mean adding staff, often a cost-prohibitive proposition. Rather, identify a business partner with a proven track record to collect past due revenue and unpaid judgments. Revenue experts such as California-based Sequoia Financial Services have both the means and the methodology to recover money more efficiently and economically than businesses can do themselves. 

Step 2 -- Focus on what you do best. By leveraging business partners to increase revenue, it frees up internal resources to improve products and services while gaining market share. 

Step 3 -- Recognize and seize opportunities. Tough economic times often provide companies the greatest opportunity to leverage themselves in the marketplace. As competitors sit on the sidelines, willing participants in a tough economy will find deep discounts on everything from human capital to infrastructure. 

There has never been a better time for organizations to reposition themselves ahead of the recovery curve. With the right business partners, they will not only overtake their competitors but will likely find new revenue streams to bolster their long-term outlook for profitability, productivity and organizational success.

Chris Tidball provides innovative solutions on improving profitability and identifying new revenue streams for a variety of domestic and international clients in the insurance, healthcare, government and education sectors. He can be reached toll-free at (888) 544-9711 ext. 6016, directly at (818) 409-6016 or by e-mail chris.tidball@sequoiafinancial.com.

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