Debtor Management #3: The True Cost of Debtors to Your Practice
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DEBTOR MANAGEMENT #3
THE TRUE COST OF DEBTORS TO YOUR PRACTICEp.1 -
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MODULES
1. THE PSYCHOLOGY OF ALTRUISM IN VETS
2. WHY YOU CAN ONLY LOSE IF YOU OFFER CREDIT
3. THE TRUE COST OF DEBTORS TO YOUR PRACTICE
4. FIVE WORKABLE CREDIT OPTIONS
5. HOW TO STOP ACCRUING DEBT
6. DEBTOR MANAGEMENT PROTOCOLp.2 -
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THE TRUE COST OF DEBTORS
EXTRA FEES
Overdraft bank fees and charges.SUPER-MONEY!
It is all profit as your fixed overheads have already been covered.VALUATION
When valuation comes at 4-6x, the debt if paid is worth even more than that.
$500k profit, $50K debt = $300k more value.RE-INVESTMENT
Profit is 10-15%, so it is all tied up.p.3 -
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THE COST OF MAINTAINING A CLIENT DEBT
Human resource to manage
Printing a letter
Postage
Receipting timep.4 -
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Thank you!
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00:08:23
Debtor Management #1: The Psychology of Altruism in Vets
Michael Archinal, BVSc, PTC(Hons), Cert(IVAS)VetScope -
00:08:29
Debtor Management #2: Why You can Only Lose if You Offer Credit
Michael Archinal, BVSc, PTC(Hons), Cert(IVAS)VetScope -
00:08:08
Debtor Management #4: Five Workable Credit Options
Michael Archinal, BVSc, PTC(Hons), Cert(IVAS)VetScope -
00:07:23
Debtor Management #6: Debtor Management Protocol
Michael Archinal, BVSc, PTC(Hons), Cert(IVAS)VetScope