Working with a Full-Service Collections Agency
Every business that extends credit options to their clients is bound to face issues with client debt, but many businesses shy away from allowing professional debt collectors to help. Despite the stigma surrounding debt collection agencies, research shows these services are the key to resolving debts before they damage your bottom line. Most clients are actually more likely to negotiate payment if they’re contacted by a third party debt collector. In this article, the founder of Southwest Recovery tells you what to expect when you hire a full-service debt collection agency.
Waiting to Collect Can Cost You More
Most businesses find themselves dealing with client debt at some point in their duration. Some will try to resolve these debts on their own before resorting to hiring a debt collector, but Southwest Recovery Services president Steven Dietz believes this good-intentioned mistake can do more harm than good. Timing is the key to debt resolution, and Dietz firmly states that hiring a collections agency right away is the best choice for your bottom line. In this article, you’ll learn all about the importance of timing in the debt collection process and how quick action can reward you.
The Changing Face of Finance Management
As technology grows and advances, so does the world of personal and professional financial management. Younger generations are more reliant on technology, such as websites and apps, than on human financial advisors, and this trend won’t be going away anytime soon. Easy access to budgeting software and credit scores has taken personal finance management away from large institutions and put it into the hands of the people like never before.
Will the rise of artificial intelligence change the way people and businesses manage their finances? Will these changes bring about a more financially intelligent generation of entrepreneurs and investors? We reflect on the changes technology has brought to the world of finance management.
Collections as Part of Your Business Model
Since Southwest Recovery first opened its doors, the nationally-recognized debt collection agency had the goal of providing better service to its clients. Our founder, Steven Dietz, discovered a new way to approach debtors that resulted in greater success and better outcomes for the businesses he worked with. Steven Dietz believes talented debt collection agencies like his own are vital for the success of any business. Not only do they serve to protect your bottom line with fast and friendly collections, but they can pursue bad debts you might’ve given up on and even improve your billing system to prevent future debts.
We’re Helping Clients During COVID-19
Southwest Recovery has always sought to help businesses through financial hardships with our successful debt collection services. In the midst of the COVID-19 pandemic and the subsequent economic crisis, we know our services are more vital than ever. We’re working hard to help our clients survive, and even grow, during this unique and challenging time. Cash flow is an important part of the puzzle, which is why it’s important to pursue active debts and collect on them as soon as possible. Our help has kept many businesses from going under, and we’re continuing to help our clients recover from their losses.
Steven Dietz on Entrepreneurship and his Biggest Challenge
Steven Dietz has been dedicated to his career as a debt collector since long before he started his own collections agency. He discovered his talent for the job early in his career, and has since been passionate about offering a unique, more successful approach to debt collection. In this article, Dietz details the struggles he encountered on his journey to entrepreneurship and his advice to anyone on the same path. He also gives his thoughts on the tough issue of work life balance as a business owner and shines a light on the more challenging side of owning and running a successful business.
How a Good Cash Flow Can Save Your Business
Is your business struggling to make ends meet as a result of COVID-19 and its impact on the economy? You’re not alone. Many businesses are losing clients and income during the pandemic. Steven Dietz says good cash flow is the key to success during an economic downturn like the one we’re experiencing today. In this article from Bit Rebels, Dietz explains the importance of cash flow management and how it can keep your business running smoothly during this challenging time. He also gives his advice on working cash flow management into your COVID-19 business plan, and discusses the important role of debt collection agencies like Southwest Recovery Services during the pandemic.
An Interview with SWR Founder, Steven Dietz
In an economy where businesses need to be constantly growing to find meaningful success, it’s easy to be discouraged if your own business isn’t an instant winner. Steven Dietz, founder of the nationally recognized debt collection agency Southwest Recovery Services, has experienced his fair share of hardships in getting his business off the ground. He takes the time to share his own mistakes and failures as an entrepreneur, and the importance of learning from your mistakes. Dietz also gives readers an inside look at the business world and how to find success within it.
Call Southwest Recovery Services When You Need Help
Our debt recovery agents are highly trained in proven collection strategies, but they also have a high degree of empathy and seek the best resolution for both parties. We never use high-pressure tactics that would reflect poorly on your company. Instead, we use today’s best technology to find debtors and come up with equitable solutions. Call us today to get started!