Every business, no matter how large or how small
it is, at some point, is dependent upon the profit it brings in in order to
survive. Many small businesses think that they are too small to work with a
collection agency, but that’s not the case at all. In fact, small businesses
are the most reliant on their profits for day-to-day operations and the most in
need of collection agency services. While it is true that some debt collection agencies won’t handle or work with smaller accounts, there are some out there
that will. Choose these agencies to represent and assist you and your business;
you need them, whether you realize it or not.
You Deserve Your Money
When you provide a product or service, you
deserve to be paid for it, plain and simple. If you agree with this basic
principle of business, then there’s no reason to tell yourself you shouldn’t
work with a collection agency. Nowhere in that principle does it say that only
businesses of a certain size are entitled to their profits, so why would you
assume that, based on size, you don’t deserve to recuperate what is rightfully
yours? You say you believe that when you choose not to work with a collection
agency.
All Debts Matter
Another common reason (excuse!) people often give
for not hiring a collections agency is that their debts are too small to bother
with. Thinking that way is a dangerously slippery slope, however. Sure, one or
two debts might not matter in the grand scheme of things, but what about ten or
twenty? The bottom line is that if you left a few debts slip through the cracks
unpunished and uncollected, where do you draw the line? At bankruptcy when it’s
too late? Don’t let things get to that point. Let every debt, even the small
ones, count and be accounted for!
So Much More
Finally, it’s important to remember that the term
“collections agency” is, or at least should be, a misnomer. The right
collection agency will actually be a collections service, meaning it will do
more than just collect money from delinquent clients. The right collections service
is focused on customer retention, meaning it will help you to know which
clients you should go after hard and which ones are worth another chance before
you send them over to collections, thus protecting your relationships and your
reputation, two of the most important (and intertwined) assets you have. Smart
collections services will also background check clients, letting you know who
to do business with and who to stay away from.
In the end, the question isn’t whether or not you
are “too small” to hire a collections service: no business is. It’s simply a
matter of hiring the right service, such as Kinum, to meet your needs.
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