From Disaster Recovery to Debt Recovery
Disaster recovery firms have a particularly hard job that can only be compounded by debt collections.
In some ways, it’s safe to say that running a disaster recovery service is risky. We’re not talking about the dangers faced from demolition and cleanup of weather-smashed buildings, either. For many small businesses, debt recovery from past due clients is one of the most challenging parts of the job.
This post is about debt recovery for disaster recovery contractors. It examines some of the challenges of these unique niche-companies and how important debt recovery is to keep their businesses from failing.
Need for Disaster Recovery Contractors Increasing
The truth is, we need all the disaster recovery contractors we can get right now. There are so many incidents of extreme weather, earthquakes, wildfires, and even volcanoes, having more boots on the ground for cleanup is expected to create a booming market for new disaster recovery firms. There have been so many weather-related events, that climate.gov has a website devoted to the latest set of natural disasters.
According to CNBC, water damage is the biggest issue these disaster recovery firms handle. Many travel frequently out-of-state to pitch in on big jobs. Experts in the disaster recovery contracting business know that this work is physically and mentally draining. For small business owners, the difficulties are increased when trying to handle the rigors of all the hats you must wear to keep a company up and running. But what does a disaster recovery contractor do when someone that’s dealing with just losing their home or business fails to pay the cleanup bill.
Rocket Receivables has an answer.
Debt Collection Services for Disaster Recovery Contractors
Small business debt recovery is never easy, but following a natural disaster, it can be complicated by payment from different government sources and individuals who have lost everything they own. It’s a balancing act that many small business owners prefer to avoid.
Recovering what’s owed is a time-consuming process.
Yet, small businesses are often characterized by cash flow issues that can hamper their growth. When coupled with past due receivables, this can create real problems. FindLaw has a checklist for the small business owner to follow in order to pursue debt recovery. They suggest:
- Make sure that your actions are not perceived as overly-aggressive or “harassing.”
- If you’re calling on a past-due client, keep calls very short and to the point.
- Write letters but follow all compliance rules.
- Hire a collection agency.
Delegating debt collections is imperative for the small disaster recovery company. But…
Your work is stressful enough without adding debt collections to the daily task list. Following the items on the checklist described above can be time-consuming and taxing. A major concern is that of being compliant with rules and regulations that strictly govern debt recovery practices. But without collecting past due receivables your business may fail.
Hiring a collection agency helps small businesses avoid these complications. That’s where a firm like Rocket Receivables comes into play. We designed our debt collection services specifically to help you meet the challenges of small business ownership.
Rocket Receivables offers an online self-service tool that can help small businesses improve their cash flow by increased debt collections. Our debt collection services are geared specifically for small businesses like disaster recovery firms. We take the work out of debt collections and help you pursue what is owed without violating compliance laws or costing your business a fortune. At the same time, we treat debtors with respect and integrity – which helps you maintain established relationships as well as a positive reputation.
Our service is guaranteed and standing by to support your business. Contact us and request info to see how we can help recover what’s owed and improve your bottom line.