Are bad debts ruining your business? Don’t delay, take action to start Debt Recovery today.
No one likes it, but we’ve all been there, having to contact a customer who is no longer paying their invoices. Sadly, it’s now part of doing business. It is uncomfortable and makes you feel sick to your stomach. You shouldn’t have to do this – you perceive yourself as the bad guy, even though it’s the other party that isn’t paying for the goods or services you have already provided.
In business, it is vital you recover every last cent you are owed. You work hard to provide excellent service, and you incur costs in labour, materials, and potentially outside contractors. All you ask is that your customers respect your time and effort by paying their invoices without hassle.
This is where debt recovery comes in. You don’t want to waste more money (or time). You may as well have spent that time at home with your family.
When customers take longer to pay their accounts or worse don’t pay their accounts at all, you need to take control of the situation and manage your debt recovery or collection.
Debt recovery is a real art. You need to set in place a process to help you recover outstanding invoices promptly. This process will need to include the legal steps you will take if a customer goes cold and no longer responds to requests for payment.
If customers do not respond to you, payment is not made, or a payment plan is not put into effect, then enforcement may be the only avenue open to you. In that case, you need a legal advisor that can guide you through the steps of debt recovery to successfully collect on unpaid accounts.
Would you benefit from talking to Patrick Sheridan for 10 minutes to resolve your most immediate debt recovery questions? Patrick will review your situation and give you the practical advice you need right now.
The answer will help determine the best course of action for you, your family and your future.
Ask Patrick your questions today.