Dear Friend,
Did you know that acquiring basic debt recovery skills is not only for debt recovery professionals?!
Now, permit me to least out few reasons why you should learn basic debt recovery techniques as a business person, especially if your business falls into the category of SME
1. Bigger Companies Train Their Staff On Debt Recovery Skills:
🔵 The bigger companies, commercial banks and finance Providers Train some of their staff on the process of debt recovery, now tell me why you as a startup and SME will not learn basic Debt Recovery skills.
2. Minimal debt sums:
🔵 Did you know that there are some debt files you cannot outsource because of the minimal amount of money involved? So, where your customers and clients owe you an amount that is beyond the minimum recovery sum, what will be your next move?
3. Ability to Save Cost & Expenses
🔵 Did you also know that learning this techniques will enable you save the extra cost of having to pay a Debt Recovery Expert? (that is one major reason bigger companies try internal debt recovery process first)
🔹Yes! There is time to outsource your Debt Files but the principle of business debt recovery requires you to first attempt internal debt recovery first before outsourcing the debt file to a debt recovery expert, for so many reasons.
🔹Top on that list is the retention of your customers & clients
⁉️ The question now is, do you know how to go about recovering your debts with customers and client’s without losing them, making them your enemies or even getting positive results in your debt recovery process?
🔹Dear Business owner, a positive Debt Recovery process goes beyond writing a letter, or going to the police or even being dramatic.
👌 There is an emotional intelligence, tactics and techniques involved in the process of debt recovery.
✔️ It is called “The Psychology of Debt Recovery”
And this you should learn not because you want to become a debt recovery professional, but because you want to better reposition your business to be more profitable.
This is worth thinking about.
Yours legal,
Precious Toju, Esq.
(Debt Recovery & Credit Risk Coach)
Visit www.asklawyerprecious.com to read more insightful blog post
