Collection Agencies on the Rise in 2010

I read an article the other day on Entrepreneur.com that read:

I see a rise in collections problems. With the economy still in tight straits and a very likely (substantial) tax increase to fund the bailouts/stimulus packages/healthcare programs, small businesses will find cash flow even tighter in 2010. Entrepreneurs will be chasing after their clients to get paid, other companies will be chasing after them to get paid and the IRS and Departments of Labor will be chasing after everyone to get their hands on income and employment taxes (to replenish the depleted treasuries)–whether or not the amounts are actually overdue. (Nina Kaufman)
*for the entire article, click here.

I think she is absolutely on target with this prediction.  The only problem with collection agencies and small businesses is you have to pay a percentage if you collect the money from your customer.  When you own a business, you need every penny you make off of your jobs.  Sometimes you have customers that are stubborn and will not lift a finger until you take the route of a collection agency so you have to resort to that. 

With Business Beware’s customer collection letter, if you collect your money from the customer we don’t charge you a percentage!  You keep all the money you rightfully deserve.  As business owners ourselves we know how important it is to collect ALL the money!  For more info check it out here.