Wilson Cole's Podcast From The Road

Everyone is busy, we understand that better than anyone, so if you missed our webinar on the 7 deadly mistakes people make in the staffing and recruiting collections industry, here is a quick recap on what you missed! The first mistake that we often see is that companies do not get a personal guarantee when they extend a line of credit to a client. This is a deadly mistake that can cost you money because 80% of businesses will go out in the first two years and an additional 80% will go out in the third year. So, make sure to get a personal guarantee from the head of the company because if they are not willing to take the risk, why should you? Next, when a company is in the process of signing a new client they do not have a separate form for credit application. This can be dangerous because if a company goes under then their attorneys will look for any escape clause. If you do not become secured creditors, at least add wording to your contract that allows you to file UCC1. Each state has slightly different rul