By Ric Rooney, Sun Spot Atlantis
Respect for our customers is something so ‘Business 101’ that it just goes without saying. However, respect is a two-way street, and when customers no longer respect your business, it needs to be addressed. Two months ago I made the difficult decision to reinstate our collections policy and quickly turn bad debt customers over to a collection agency 30 days after we fail to collect a legally due EFT payment.
I hated to do it, as it invariably upsets customers. I got an angry email from one customer telling me how upset she was with me for turning her over to collections “over $20.00.” But sometimes you have to show a little tough love to your customers and demand that respect flow both ways. Since instituting our new policy, our bad debt number has dropped 75 percent.