WEEKLY EDITION November 1, 2017
The Nuts and Bolts Educational Conference Starts Today!
The 2017 conference is taki ng place from November 1 - 4 in Minneapolis, Minnesota
Attendees have arrived in Minneapolis, Minnesota for the 2017 Nuts and Bolts Educational Conference! With a schedule
including informative speakers, productive roundtable discussions, local Member visit s, the first ever Urgent Run around
Lake Calhoun, and even a trip to the Mall of America, the event is set to be better than ever – and we're already off to a
great start! Take a look at the first conference photos for the year, and check back next week fo r a recap of all of the fun.
Getting Paid Part III: Choosing a Collections Partner
Adapted for the PSAI from articles in Business News Daily and Rocket Lawyer
Accounts receivable are great to have – IF you w ill actually receive the money you are owed in a timely fashion. If the
accounts are basically uncollectable, then having a hefty AR balance isn't so wonderful. Whether it is because you don't
have the time or the skills to go after the cash or because th e
customers can't pay, that big AR balance means you worked and
didn't get anything out of it. Before you throw in the towel and
just write off the accounts, there is one more idea to consider:
hiring a collections partner.
Collection agencies are focuse d on recovering debts that are
past due. These companies often reach out to your unpaid
accounts in a number of ways, including by phone, in writing and
via email. In extreme cases, they may seek legal recourse on
behalf of your company. And the method wor ks – collection
agencies are responsible for tens of billions of dollars recouped
every year.
CONTINUED ON PAGE 2
NUTS AND BOLTS PHOTOS CONTINUED ON PAGE 7
As many of our Members know, the PSAI staff usually
spends the weekend b efore Nuts and Bolts loading up
supplies and driving to our conference destination.
With the event being local this year (for the first time in
decades!) , we were able to skip the rented minivan and
the road trip. Instead, we loaded our cars at the PSAI
office Tuesday morning and set off for the Marriott a
few short miles away. (From left to right) Rachel
Johnson, Director of Marketing and Communications,
Karleen Kos, PSAI Executive Director, and Jan Nelson,
Director of Business Development and Special E vents.
WELCOME NEW
PSAI MEMBERS!
In Octo ber 2017, the PSAI welcomed the
following Member Companies:
Draco Hygienic Products, Inc – Ontario, CA
M.T.H. Portable Toilets, LLC – Cle Elum, WA
Newcomb Consulting Group – Saint Augustine, FL
Paradise Lua, Inc. – Pearl City, HI
SouthPoint Rentals, LLC – Kingsville, TX
United Rentals, Inc. – Charlotte, NC
Junk It – Berkeley, IL
