Where to find debt recovery business plan?

Answer 1

This 7 Deadly Mistakes are design for business debt collection, this summary contains the main idea (Resource link)

Mistake #1: Failure to Pre-Screen the Customer Properly"Obviously, the best way to avoid a collections mistake is to correct it before it happens" Mistake #2: Bending the Rules on the Credit Application"A good ongoing best practice is to closely monitor the rules you adhere to credit

applications"

Mistake #3: Failure to Review and Update Internal Collection Processes"Collection process management should never follow a "set it and forget it" mentality." Mistake #4: Not Following State and Federal Collection Laws (and Applicable State Precedents)"Not only are you out the money that needs to be collected but ---surprise--- now you've got a lawsuit dropped right in your lap." Mistake #5: Lack of a Consistent Follow-up Processon Past Due Accounts"if those individuals leave or aren't available, your company is already playing from behind and not nearly as effective as it could be." Mistake #6: Waiting Too Long to Pull the Collections "Trigger""The sad fact is the moment accounts receivables get past 30 days; the clock starts ticking on the likelihood of collecting on the debt" Mistake #7: Working With a Collections Company That's Collecting the

Wrong Kind of Attention

"Conversely, maybe this company is attracting negative publicity because of their business practices or lack thereof."