People do business with people they like.   This fundamental rule of business has been repeated many times – because it is true.   There is another rule of business that is equally as powerful; “People will forget what you said. People will forget what you did. But people will never forget how you made them feel.”  Living by these golden rules will bring repeat business, keep customers happy, and translate to higher profits. And these rules apply to collections if you have the right plan. Read More

There is an old saying in golf: “Drive for show, putt for dough.” For those not familiar with golf, it’s a reminder that while your drives off the tee might be impressive, putting is the real key and usually determines who collects the winner’s check. In the BHPH industry, our saying might be, “Sell for pride, collect for profit.” Like golf, much has been written about the skills and best practices of collections. Topics range from account aging analysis, GPS technology and related finance companies to the basics of hiring and training. (Read More…)