OUTSOURCE YOUR DEBT COLLECTION
As the saying goes, CASH IS KING! Cashflow is one of the most important things when it comes to running a business.
Cash is important because it later becomes payment for this that make your trades business run; expenses like equipment purchase, raw materials purchase, employees wages, rent, electricity and other operating costs. Positive cash flow means your business is running smoothly.
Having a full-time virtual assistant located in the Philippines can dramatically assist you with positive cash flow.
Debt can be chased up on a daily basis, and you can ensure that your invoices are getting sent out promptly.
Time is the ultimate currency, and as a business owner, it’s so easy to be caught up in the operations of your business rather than the growing your business. If you find that you’re spending more time on chasing clients and unpaid debts then not only is this costing your business financially it also costs your business in its opportunity to grow.
Debt collection is hard work as it involves determining overdue accounts, sending reminders, compiling letters of demand to customers with overdue debt, making initial phone contact and then constant follow up. If faced with a difficult client, debt collection is not a task that can be completed in a few days or even a few weeks.
Debt collection is one of the tasks that can easily be outsourced to the Philippines. Who knows, the income you gain from actually chasing the debt may pay the cost of your virtual assistant.
Once again there is a reason that large corporations and small businesses are shifting to outsourcing. It is a known fact outsourcing works and should be implemented in trade services businesses.