Collecting money from a tardy pet owner can be a task many are not willing to do. No one wants a confrontation and asking to be paid can feel tacky. Yet after services have been rendered to the customer’s pet, you deserve your pay. A study done by Rocket Lawyer back in 2011 showed that…
DetailsKeys to handle difficult situations Always keep your cool. Always think before you speak. When we are angry our IQ drops dramatically and we say and do things we many times we regret. Many times when you respond when angry it only escalates the situation. If handled correctly it can dissipate the situation. This is…
DetailsThe Need to Hire a Collection Agency – 9 Questions to ask before saying yes to work with a collection agency When you feel the need to hire a collection agency, you need to look at a few criteria before hiring. Have they worked with your particular industry previously? How long have they been in business? …
DetailsTell the TRUTH about Business and your customers will become lifelong customers. Be upfront about all the possible costs involved. Don’t change them after the fact and continue adding to their bill or invoice. This makes them start to question your integrity. This is the quickest way to lose a referral. Every business has things…
DetailsWhen an individual passes away, their debts do not magically disappear. How does the debt get managed when the person who incurred the debt is no longer around to pay his or her dues? The answer to this question is dependent on a number of variables, like whether the deceased’s estate goes through the probate…
DetailsHere are 5 things you need to know before hiring a collection agency: 1) Do your Research and Know their Expertise Know what type of collection agency you are looking for before you begin your hiring process. Some only specialize in specific areas. Example they may only handle retail, medical or certain size business. Just…
DetailsHave you thought about your competition? 5 Strategic Ways to Upset Your Competition? How you will strategically plan to Upset your Competition by Beating them? What do you need to do? Do you have a Strategy or are you just hoping you have a better product or service. Business is like a game in the…
DetailsAt the end of 2013, Americans owed over $11.5 trillion in debt, with about 70% of the money owed in the form of mortgages.¹ Since there are an estimated 243.4 million² adults in the country, that’s an average of over $47,000 per person. At that same time, about 5% of the total balance owed was…
DetailsRunning a business is difficult. It requires a lot of your time, money, and effort. Something that can make successfully running your business even more difficult is always having to chase down debts owed to your company. On top of all your other responsibilities, you may come to find that you just don’t have the…
DetailsCheck out these 5 Benefits to using a collection agency. Every company who allows payments or invoices on a 30-45 day cycle will have some debt owed to them from customers. This is considered your Bad Debt on your profit and loss statement. Collections can be managed by an internal employee or outsourced to a…
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