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About To Be Fired? Here's What To Expect.
It happens to everyone. There are very few employees around who
have who have not been let go from a job . . . or who haven't
wondered about it.
It's important to understand what can and should happen if and
when you get fired. After all,...
Capella University: an honest review
Online universities are a boon for adults who wish to continue
their education despite working. Capella is amongst those names
that come to mind foremost when one is considering earning a
degree online. Formed in 1993, Capella University became...
Dealing with Jobs Left Early
Recruiters and employers generally like to see candidates who have a steady work history. That being said, nobody's perfect and many people have had to leave a job early for one reason or another. This week's job searching tip deals with methods you...
Has Anyone Seen My Twenties?
Premature aging is spreading across the UK and is particularly prevalent amongst recent graduates in the UK who, upon leaving university, are plunged straight into fears about the property ladder, pensions and paying off their student debts. These...
Value Based Leadership Coaching
What can I do to be a better coach? The Eight Step Coaching Model describes the process, yet too often the focus is on techniques only. “How can I say it to win my point, get others to do things my way, or convince them?” Focusing only on one...
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SHOULD I START MY OWN COLLECTION AGENCY?
If you are wondering if you should or can open your own collection agency, the answer is yes, you can! There are some things you should do before opening your own agency. You should have experience in the collection industry. You must know what type of business the collection business is before you can understand what you are getting into. You need to know the day-to-day activities of collections. You need to know the laws in the state you are in and the states you will be collecting in. You want to have experience dealing with people and negotiation skills.
You should also be ready to spend a lot of time getting people interested in your business. If you have worked in the industry for other people, new clients will know you have experience and be more comfortable placing accounts with you. If you don’t have any experience, you need to build credibility so potential clients will know you can do the job and do it well.
Write a business plan. If you are going to borrow money to start your agency you will need a business plan to show the
bank. Usually a business plan is made up of:
An Executive Summary
A Business description
Marketing Strategies
Competitive analysis
Operations and management plans
Financial statements.
I have an example of a Business Plan and a Marketing Plan in my book, How to make money collecting money, Starting a Collection Agency. You should also include a cover or folder for your business plan. Include a title page and a table of contents. This will be very professional and impress any bank you may present it to.
You should LOVE collection work. You either love it or hate it! If you love it, you will be passionate about making your business work.
About the Author
Michelle Dunn is the Author of the FREE e-book How to Help You Get Paid, Credit & Collection Forms and Letters. She has also written and published How to Make Money Collecting Money, Starting a Collection Agency that is available from www.michelledunn.com. For more information on Starting a Collection Agency, order her book for immediate delivery.
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| Time Management from Mind Tools - How to manage time and maximize ... |
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| Time Management |
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| Time management - Wikipedia, the free encyclopedia |
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