In today's business environment, bad debt is becoming increasing common no thanks to the sluggish economy and credit crunch. The effect of that is only just felt and I believe that this is just the surface of what's to come, sad to say.
Growing up in a business family and dealing with businesses of all sizes and in different industries, I have come to accept bad debt as one aspect of business, no matter the size of the business. Back then, what makes a good businessman good is how well he is able to collect bad debt.
That's all history already with companies like American Profit Recovery that offers services in debt collection. What makes American Profit Recovery different from other companies that offer similar services is that APR offers this service in a low flat rate unlike the others who take a huge cut of the amount collected.
In my opinion, I always believe that it is better to leave collection of debt to a Collection Agency so as to let a third party handle it instead of doing it ourselves. This would leave us the free time to concentrate on our business better and not be bogged down by problems associated with debt collection or let personal feelings and relationship hinder our collection of debt.
Growing up in a business family and dealing with businesses of all sizes and in different industries, I have come to accept bad debt as one aspect of business, no matter the size of the business. Back then, what makes a good businessman good is how well he is able to collect bad debt.
That's all history already with companies like American Profit Recovery that offers services in debt collection. What makes American Profit Recovery different from other companies that offer similar services is that APR offers this service in a low flat rate unlike the others who take a huge cut of the amount collected.
In my opinion, I always believe that it is better to leave collection of debt to a Collection Agency so as to let a third party handle it instead of doing it ourselves. This would leave us the free time to concentrate on our business better and not be bogged down by problems associated with debt collection or let personal feelings and relationship hinder our collection of debt.
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