A recent article I found online stated what will appear obvious to many professional collection agencies: using their services helps companies boost profits.
Now, though the article focused on the financial situation in the UK, the same parallels are clearly at work here.
Collection agencies and your bottom line
According to the article…
“The recent financial crisis affected the small business owner more than established larger multi-national businesses. Even though debt is a serious problem in the UK business world, it’s the small business owner that is more at risk, and therefore it’s that sector that needs to use important tools to avoid debt and the consequences it brings. One of the most important tools at hand to avoid debt and recover money owing is a professional debt collection agency.”
Why do small business suffer?
The reason is obvious. Lack of in-house staff dedicated to collecting past due billing. Look, over the years I’ve had a few clients stiff me for work done on their behalf. As a web designer when someone fails to pay I lose the incoming revenue and TIME spent on their project. And then there’s the added time of trying to collect what’s rightfully mine.
So the cumulative effect of lost productivity is like a “double-whammy.” Time that could (and should) be spend on client projects or ongoing going marketing gets diverted to collecting from dead-beats.
Hiring a professional agency that can HELP me collect what I’m owed which also FREES up my time. Hence increased profits for my business. And yours as well.
Get professional help with your past due accounts today
To find a collections agency that specializes in helping business likes yours, simply request a free services quote from qualified and reputable companies.
Click the link and compare free collection agency quotes today.
This way you can save time, money and aggravation by hiring a professional who can help you collect some (or all?) of your outstanding accounts receivable.
After all, when you get down to it you really only have two choices:
- you can keep doing what you’re doing (and hope for a different result), or
- you can find a commercial collections agency that can help you recover what’s rightfully yours.
Either way it’s your money… you decide.