How to Open & Operate a Financially Successful Collection Agency Business
With the current economic downturn, it is becoming increasingly difficult to land the career of your dreams while maintaining a stable personal life. To combat this, many individuals are beginning to open their own businesses, so as to fulfill a professional need to be successful. Although, opening a collection agency may not be at the top of your list of businesses to start, the U.S. Department of Labor reports that the median annual income for someone in the collection industry is $29,000 yearly and, as a business owner, the earning potential increases. This manual delivers innovative ways to streamline your business and presents new ways to make your operation run smoother and increase performance. Whether you will be operating out of your home or you are looking to buy or rent office space, this comprehensive guide can help you with a wealth of startup information. In addition, you will learn about basic cost control methods, copyright and trademark issues, branding, management, sales and marketing techniques, and pricing formulas. How to Open & Operate a Financially Successful Collection Agency Business will teach you how to build your business by using low- to no-cost ways of satisfying clients, as well as ways to increase sales, and thousands of great tips and useful guidelines. More importantly, this book contains the most up-to-date information on the Fair Debt Collection Practices Act and other laws regulating the industry today.