If you’ve been in business for any length of time you know that cash flow is key.
And if you run a service business you have probably experienced the frustration when a customer or client refuses to pay his or her invoice.
Aside from not getting paid what you are rightfully owed, probably the most frustrating aspect is the wasted hours spent trying to collect what’s owed, especially if more than one or two clients or customers owe you money.
However, there are alternatives to handling your collection efforts in-house.
Professional debt collection for small business
Maybe you haven’t thought about using a collection agency because of the bad press or reputation that, sadly, casts a negative light on the many professional agencies that help thousands of small business across the country.
Or maybe you haven’t considered using an outside firm because you think that it’s expensive to use a collection agency.
Whatever your reasons, the simple fact of the matter is that you’re leaving a LOT of money on the table by handling collection efforts on your own.
It comes down to this simple fact… professional agencies with a solid track record have procedures and a system in place to collect on your behalf. And the best part is you don’t pay a dime out of pocket to get them started on your cases.
It really does come down to choosing the right agency. Most of the bad operators (i.e. the ones responsible for creating the industry’s bad reputation) have been driven out of business. In fact, collection law compliance is something that is strictly enforced… which is reason enough to hire a professional agency.
So how do you know which one to hire?
First, it comes down to track record. You’ll want to work with an agency with a proven track record of working with businesses like yours. Ask about their success rate. Ask about their methods for contacting current and former customers and/or clients. Ask about their fee structure. Ask about their training, licensing, bonding and compliance procedures.
And then ask about their reputation.
In fact, you might consider “googling” the company name to see what comes up.
Collecting unpaid debts can be difficult, and a small business collection agency can help simplify the process and save you time and money. You’ll want to work with a professional agency, one that will be respectful and courteous to the folks who owe you money.
Does that make sense to you?
Find the right collection agency today
Save time, money and aggravation by hiring a professional who can help you collect some (or all?) of your outstanding accounts receivable.
Click the link and compare free collection agency quotes today.
After all, when you get down to it you really have two choices:
- you can keep doing what you’re doing (and hope for a different result), or
- you can find a collection agency that can help you recover what’s rightfully yours.
Either way it’s your money… you decide.