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FORECASTING AND SURVIVING A LAYOFF OR DOWNSIZING
Dirty words for jobseekers include downsizing, acquisitions, mergers, closures, cutbacks, and layoffs. No one wants to lose their job, especially with rising gas, utility, and cost-of-living prices. Just the mention of proposed company changes has...
Healthcare Management: A Burgeoning Industry
In an uncertain economic climate, job security is a valuable commodity. But many careers that previously seemed recession-proof have been downsized, outsourced or shipped off to foreign countries. The trick is to find an industry in which the...
HOW HR WORKS TO GET THE JOB DONE
HOW HR WORKS TO GET THE JOB DONE Human Resources is just what it says: resources for humans – within the workplace! Its main objective is to meet the organizational needs of the company it represents and the needs of the people hired by that...
Students Worldwide Are Learning How To Excel In School From Home.
Today, children are expected to earn high grades in all of their classes, in spite of the failing public school system. Parents can still remember when an education was essential in preparing children for their livelihood.
Now what many public...
What Should You Look For When Searching For Career Development Programs
The computer age has made online career training so easy, you
never have to leave your home. There are thousands of different
career development programs online today and depending on what
type of career you want, you will surely find it on...
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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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