Courtesy of Small Business Success Blog Late or non-paying clients are a hard fact of business. Small businesses in particular are vulnerable because they lack the accounting and legal resources to deal with these customers, with collections ...
“Diligence is the mother of good fortune. ” – Benjamin Disraeli The best thing you can do for your business cash flow is to have in place an effective bad debt risk management policies and procedures. This would allow you to ...
“I must govern the clock, not be governed by it. ” – Golda Meir Why chase bad debts yourself when you can have a debt management expert doing the work for you? These days, outsourcing debt collecting professional can ...
“A man is usually more careful of his money than of his principles” – Oliver Wendell Holmes If you’re a business owner or someone who is involved in business accounting, you know how hectic the last month of the financial year could ...
“The best way to learn facts is by failing” – unknown If you are doing your own business debt collecting, you might be surprised to learn the following facts from the inside debt collecting industry. 20% of your clients/customers make ...
“To always develop and grow, I’m always asking questions.” Q Why would my small business need a Credit Control System, when my business turnover is not very big, Isn’t this kind of professional approach only for much ...
“It takes two to write a letter as much as it takes two to make a quarrel”. – Elizabeth Drew Continuation of “How to Write a Perfect Debt Collecting Letter or Email?” (Part 2) Putting the writing style on the side, debt ...
“The secret of many a man’s success in the world resides in his insight into the moods of men and his tact in dealing with them.” – JG Holland If you have ever received a debt collecting reminder letter or email, I am ...
“Forget about the sales you hope to make and concentrate on the service you want to render”. – Harry Bullis Customer Service in Debt Collecting Here are 13 simple but powerful rules to follow in order to properly connect to a ...
“Discipline is not the cage, discipline is the key.” – Denver M Lane Debt Collecting Techniques Have you ever heard of the 20/80 rule? It is basically a rule that shows that eighty percent of the output comes from twenty ...