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10 commandments of effective collection strategy

  1. though shall not settle for less
  2. thou shalt not delay
  3. thou shalt not settle for vague promises impt: date time mode of payment or payment
  4. thou shalt not forget to secure immediate payments ; apply the "until today and tomorrow only" strategy
  5. thou shalt not avoid the truth
  6. thou shalt not neglect negotiation
  7. thou shalt not disregard objections
  8. thou shalt not underestimate the power of persuasion
  9. thou shalt not overlook documentation / should complete tagging
  10. thou shalt not disregard compliance