It is obvious that golf and collecting golf collectibles are two of the most sought-after and popular hobbies of people around the world. Because of this, it is just logical that these two could combine, and therefore, collecting golf items is a very popular hobby. It need not take an expert to assert that just about anybody who has a genuine passion for golf and a genuine passion for collecting could easily and effectively get involved in this top hobby.If you are an enthusiastic and a fanatic or if you have been interested in golf for quite some time, you many not be aware but you could already own a sizable and significant golf memorabilia collection. To most collectors in the world, it usually takes some time before they fully realize that already in their possessions are important golf collectibles that could cost them a fortune. This is not surprising because logically, most collections are born this way. You have to exude passion for golf and for collecting items to make good in the golf collecting hobby.Are you ready to checkout and assess your own possessions? You might already own important collectors’ items that are of high value these days. What is interesting about golf collectibles, just like other collectors’ objects, is that the valuation could further rise as time goes by. Go to your garage and see how many old and novelty golf items you could find and retrieve.The first items on the list are putters and clubs, which could be considered the main golf collectibles. Always remember that such items could be important collectibles if they are very old and are belonging to historical models. Usually, if such brands and models are not sold commercially these days, they are automatically considered important golf collectibles. Limited edition items sold by famous golf companies are particularly more significant and valuable these days.Other common items that are considered golf collectibles are golf balls, medals, books, cards, and tees. These are all related directly to golf. They could surely comprise an assortment of objects that could surely make any golf collection varied and diverse. Usually, collectors are not particular about the models and values of such items. Most collectors simply collect items that pique their interest.If you do not have much items on your possession that could possibly considered golf collectibles, you may start building your own collection today. It is never too late to accumulate and ramp up your own collection. You may start asking or buying items from your friends, colleagues, or relatives, who may not find their old golf items valuable and important. You could also scout the online media and purchase items that are in auctions. Some people build entire golf collections from items sold via the Internet.If you are about to start on the hobby, it is best to treat it as mainly a hobby. Some people fail to hold the passion once they start collecting for potential earnings. Always remember that golf collectibles surely could be investments, but they should be treated more than that to be able to accrue greater valuation and importance. It would satisfy you more if your golf collectibles would be collected for your own personal satisfaction. Doing so could make the hobby more worthwhile and enjoyable.
The current economic slowdown is compelling increasing number of businesses to hold on to payables as long as possible. Companies are delaying making payments to preserve funds for their own business operations. Studies have shown that payments delayed for long periods often go uncollected. Consequently, companies awaiting payments are becoming more vigilant in collecting payments from customers.If you have piled up bad debt on your books, you have three options.1. Assign bill collection to in-house Accounts ReceivablesIf a payment is being delayed, the in-house Accounts Receivable (AR) department is assigned the job of collecting dues from the customer. It is in the interest of both customers and your business to share a good relationship. Customers want products and services from trusted companies and companies want continued sales to customers.The AR personnel work out a payment plan with customers who are unable to pay on time for any reason. The AR personnel can take informed decisions on these accounts, as they know the customer and understand the business need. They also have the authority to withhold pending orders of these customers, to refuse new orders, and to warn them about possible legal action.If the delinquent customers are still unresponsive, AR personnel can decide to call in professional collection agencies to collect the debt.2. Hire a professional collection agencyThe chance of a debt being recovered reduces with time. Non-payment or delay in payment of dues is costly to your business as it reduces your revenue. When it becomes apparent that a customer is not responding to invoices and payment reminders, it is time to consider using the services of a commercial collection agency.Collection agencies offer professional services for collecting debt. They charge 15% to 50% of the collected debt based on the age of the debt and the effort put in to retrieve it. However, the actual amount of debt they will recover from the debtor cannot be ascertained in advance. The point of time at which you decide to pass the customer account to the collection agency is very crucial. The earlier, the better. Timely intervention of collection agencies results in higher collection at a lower cost.It is not easy to decide when to call in a collection agency. You need to assess the best time for recovery of debt. Sometimes, a collection agency is called in when continued contact by the AR personnel is going to adversely affect the relationship with the customer.3. Sell your debt to debt purchasersSelling the debt to a debt purchasing agency is an option when your business is low in capital and needs funds urgently, or you do not have adequate staff to pursue bad debt collection. The upside of this is that you get your money immediately irrespective of the amount recovered by the debt purchaser at a later date. The downside is that the debts are priced very low in the market. However, if you had written off the bad debt, it is better to get some of your money than nothing at all.Deal with those unpaid bills with a sense of urgency. If you ignore them for long, you may have to write them off. But if you take timely action and hire a collection service, the possibility of collection is reasonably high.