Business Debt Recovery & Business Debt Collection – It’s Not a Profit Until You See the Cash: Let Us Help
“Profit is an opinion. Cash is a fact.” This expression is common among business debt collection professionals. What does it mean? Simply put, your business provides a valuable product or service in your marketplace. Selling that product or service should yield a profit. But until you see the cash, “profit” is only a theory. The sobering fact is that collecting a receivable from a delinquent customer is a headache that robs you of time that could be better spent in more productive ways. Up to a point, the time and energy you devote to business debt recovery can be time well spent, but when your efforts expand well beyond the return you’re getting for the time invested, you need to step back, take stock and ask yourself what your time is worth. If you’re spending a dollar chasing a nickel, let’s face it: That’s a poor use of your company’s assets, one of which is your time. After all, you aren’t a banker or a small business lender. You’re not in business to carry your customers’ debts. If you’re feeling a little frustrated with your new job title, Accounts Deceivable Manager, give us a call. Let us help you convert your past due receivables into cold, hard cash.