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Business Ethics Lesson Plan
SHOULD I START MY OWN COLLECTION AGENCY?
Author: Michelle Dunn
If you are wondering if you should or can open your own collection agency, the answer is yes, you can! There are some things you should do before opening your own agency. You should have experience in the collection industry. You must know what type of business the collection business is before you can understand what you are getting into. You need to know the day-to-day activities of collections. You need to know the laws in the state you are in and the states you will be collecting in. You want to have experience dealing with people and negotiation skills.
You should also be ready to spend a lot of time getting people interested in your business. If you have worked in the industry for other people, n...
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