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Index Page –› Finance & Investment –› Business Loan
 

How Business's Mess Up Their Credit Policies

 

In Become the Squeaky Wheel a book recently published, Michelle Dunn demonstrates the major areas a business should focus on to ensure a satisfactory customer experience.

One mistake business owners make is not having a credit policy in place when they open their business. This can be easily corrected by implementing one at any time. At the very least, every business should have every customer fill out a credit application, says Dunn.

In the businesses view, it seems easier to just process the order without obtaining any or limited information on the customer. Most new business are so excited to make the sale they dont want to offend the customer by asking them to fill out a credit application, explains Michelle Dunn.

Another mistake business owners make is not to ask for the money once it is due. They were so happy to make the sale, and now dont want to make the customer mad by asking for the money, even if it is past due.

Show potential customers that you are proud of what you do and that you are serious, and have a sound credit policy in place. The customer that is offended or doesnt want to fill out the credit application is probably not someone you want as a customer anyway.

Author: Michelle Dunn
 
Author Bio:

Michelle Dunn

As a recognized expert in her industry Dunn has received nationwide press through the years based on her knowledge and expertise in the debt collection industry. Michelle has been featured in Forbes.com, Business NH Magazine, The Wall Street Journal, NH Business Review, NPR, The CBS Early Show and many other national media.

Dunn was a debt collector for 17 years, started and ran her own debt collection agency for 8 years and has written 7 books on the subject of collecting money. The Second Edition to her first book ?Starting a Collection Agency? has just been released and Entrepreneur Press is publishing Dunn?s book ?The Ultimate Handbook of Credit & Collections, the Check IS in the Mail? on October 1, 2006. Dunn also owns and moderates Credit & Collections a 10 year old online networking community and website with over 978 members.

This article can be searched using: college loans, student loans, personal loans, home loans, bad credit loans, countrywide home loans
 
 
 

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