Avionics News January 2015 - 50

feature

5

Debt Collection Tips

SIGNS

your customer is in
danger of falling behind

EDITOR'S NOTE:

The following article is republished
with permission from the

C2C Resources blog,
which is located at
www.c2cresourcesblog.com.
C2C Resources provides Aircraft
Electronics Association members
with debt-collection services at a
member-discounted rate. Visit the
C2C Resources website at
www.c2cresources.com to see
how its programs can benefit your
company. For more information,
contact Sven C. Nelson, managing
partner for C2C Resources, at
866-341-6316 or email
snelson@c2cresources.com.

50

avionics news

*

january

2015

K

nowing what to look for in assessing the financial health of your
client is a key to staying ahead of trouble. If you see the following
five warning signs in your customer, it's time to tighten your credit
policy.
1. Change in ownership. Be concerned if you call your customer and are
referred to an unfamiliar person or the business is using a different
name.
2. Deterioration of paying habits. You'll notice this if you've implemented a process to track paying habits.
3. Broken promises. This is always a big deal. Promises are typically
when things have already reached the "late" stage of payment.
4. Trouble making contact. When your customer begins avoiding your
calls or not returning your calls, it's a major red flag.
5. Changes in customer orders. Sudden decreases may signal a decline in
your customer's business.
One unreturned call is no big deal. But broken promises, an unannounced
change of ownership and a deterioration of paying habits most certainly
are. Stay in touch, watch for signs and when you see red flags, immediately
implement firm measures to bring the account current. Don't procrastinate
your actions, and stay ahead of trouble.
For more information to help you spot warning signs, review the tips for
matching your customers' actions on the opposite page. q


http://www.c2cresourcesblog.com http://www.c2cresources.com

Avionics News January 2015

Table of Contents for the Digital Edition of Avionics News January 2015

Point of Communication
AEA Now
The View from Washington
International News and Regulatory Updates
Tackling Aviation's Universal Needs
Member Profile
Avionics in the Year 2025
A Conversation With...
My Life in Avionics
Marketing Tech Connections
What's Working?
Before & After
Business Basics
Debt Collection Tips
Aviation Aces
Legal Ease
Repair Stations
What's New
Avionics News January 2015 - Intro
Avionics News January 2015 - Cover1
Avionics News January 2015 - Cover2
Avionics News January 2015 - 1
Avionics News January 2015 - 2
Avionics News January 2015 - 3
Avionics News January 2015 - Point of Communication
Avionics News January 2015 - 5
Avionics News January 2015 - AEA Now
Avionics News January 2015 - 7
Avionics News January 2015 - 8
Avionics News January 2015 - 9
Avionics News January 2015 - 10
Avionics News January 2015 - 11
Avionics News January 2015 - The View from Washington
Avionics News January 2015 - 13
Avionics News January 2015 - International News and Regulatory Updates
Avionics News January 2015 - 15
Avionics News January 2015 - 16
Avionics News January 2015 - 17
Avionics News January 2015 - Tackling Aviation's Universal Needs
Avionics News January 2015 - 19
Avionics News January 2015 - 20
Avionics News January 2015 - 21
Avionics News January 2015 - 22
Avionics News January 2015 - 23
Avionics News January 2015 - Member Profile
Avionics News January 2015 - 25
Avionics News January 2015 - 26
Avionics News January 2015 - 27
Avionics News January 2015 - Avionics in the Year 2025
Avionics News January 2015 - 29
Avionics News January 2015 - 30
Avionics News January 2015 - 31
Avionics News January 2015 - 32
Avionics News January 2015 - 33
Avionics News January 2015 - A Conversation With...
Avionics News January 2015 - 35
Avionics News January 2015 - My Life in Avionics
Avionics News January 2015 - 37
Avionics News January 2015 - 38
Avionics News January 2015 - 39
Avionics News January 2015 - Marketing Tech Connections
Avionics News January 2015 - 41
Avionics News January 2015 - 42
Avionics News January 2015 - 43
Avionics News January 2015 - What's Working?
Avionics News January 2015 - 45
Avionics News January 2015 - 46
Avionics News January 2015 - Before & After
Avionics News January 2015 - Business Basics
Avionics News January 2015 - 49
Avionics News January 2015 - Debt Collection Tips
Avionics News January 2015 - 51
Avionics News January 2015 - Aviation Aces
Avionics News January 2015 - 53
Avionics News January 2015 - 54
Avionics News January 2015 - 55
Avionics News January 2015 - Legal Ease
Avionics News January 2015 - 57
Avionics News January 2015 - Repair Stations
Avionics News January 2015 - 59
Avionics News January 2015 - 60
Avionics News January 2015 - 61
Avionics News January 2015 - 62
Avionics News January 2015 - 63
Avionics News January 2015 - What's New
Avionics News January 2015 - 65
Avionics News January 2015 - 66
Avionics News January 2015 - 67
Avionics News January 2015 - 68
Avionics News January 2015 - 69
Avionics News January 2015 - 70
Avionics News January 2015 - 71
Avionics News January 2015 - 72
Avionics News January 2015 - Cover3
Avionics News January 2015 - Cover4
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