When someone owes you money, most of your thoughts on that person converge on finding the best approach to get them to pay. Most business transactions are conducted on the basis of goodwill that either one of the parties involved is going to honor their end of the bargain. While some situations may force debtors into a desperate point of not being able to pay, most people just do not take payment of other people’s money as a priority. When Paul Mackenzie saw this market niche in 2003, he thought of a way of making a business out of making the debt recovery process easier for both customers and suppliers. Here are some of the reasons why he managed to be a favorite of the industry in less than a decade.

Business sustainability

A business is supposed to thrive on the practice of plowing back profits into the inventory. In the unfortunate incident that a debt has not been paid, a business struggles to operate on the little capital that is left intact. What this means is that part of the business startup capital is no longer counted as an asset of the business and this makes the business to regress. Businesses that suffer bad debts, unless they depend on other sources of incomes, are sure to suffer a slow death. A debt recovery agency or individual is the best tool to use in this case because as a businessman you might not be able to consistently demand for your money.

Employee welfare

The ripple effect that debt has on a business is felt not only by the owners of the business but by the employees and customers as well. The fact that business activities decrease with each debt that has not been paid means that workers do not have as much work to do as they had at start up. The mentality of workers in relation to amount of work is that they cannot be paid for doing nothing. This is true in a business sense since the volume of work for which an employee was employed to do is no longer proportional to their wages. The downside even before employees are laid off is reduced productivity, low morale and dwindling levels of commitment. Clients of Mackenzie hall which Paul Mackenzie founded are witness to the positive effect that debt recovery has on workers attitudes.

Debt recover is a right of every business as the resources held outside are the lifeline that keeps the business alive. By hiring the services of a debt collector, you not only ensure that the money intended for the growth of your business serves its purpose, but you also pass a message to your clients that you take your business seriously. Some businesses require that customers pay for the debt collection services but even if you handled the costs, the greatest benefit is in the value of money recovered. Paul Mackenzie debt recovery services cannot be justly priced.

Paul Mackenzie of PHM Consultancy
07496191101