Why Should You Write Off Debt?
All too often in business you hear stories from business owners say they had to write off a debt that went unpaid even though their client or customer is able to walk off into the sunset and benefit from all the hard work they put in. So are they doing the right thing? Should they just reduce the hassle, move on and put it down to experience?
Our view is they most certainly shouldn’t.
Why as a business owner should you allow people to steal valuable time as well as effectively money?
Companies and individuals who operate in this way will be free not only to use cash that is rightfully yours but also to do the same to other suppliers.
According to recent statistics 32% of small businesses are reluctant to chase bad debts which means that those business owners are allowing people to get away with it.
Understandably in today’s highly stressful business world, reducing complications and potential conflicts probably seems like the easy option but there is a way to avoid hassles and hire a debt recovery company to take the strain for you.
Just like using any other service provider, you will be free to get on with running your business while debt recovery is taken care of for you. You will also get to benefit from receiving the cash you wouldn’t have received if you had simply given up the chase.