Standing Firm in the Collection Industry: A Journey of Resilience and Growth

Standing Firm in the Collection Industry: A Journey of Resilience and Growth

Dear Colleagues,

"You either stand for something or fall for anything." This powerful adage has been a guiding principle throughout my career in the collection industry. As one of the few women who not only entered but stayed in this field, I've experienced my fair share of growing pains. Today, I'd like to share my journey, hoping it will inspire both current professionals and newcomers to our industry.

My Unexpected Journey

I didn't come to the collection industry with plans to stay. Like many, I arrived out of necessity, simply needing a job. However, what started as a means to an end soon became a challenge that ignited my competitive spirit.

Lessons from the Trenches

  1. Embrace the Challenge Growing up surrounded by men, I learned that survival meant competing. The job became a game - how could I excel and compete with the boys? While I now see things differently, these were valuable lessons that shaped my approach to work.
  2. Break Records, Set New Ones I always saw things through the lens of records to be broken. Whether it was the one-minute mile or being number one in collections, I was driven to excel. This meant working 10-12 hour days, a commitment that proved invaluable when I started having children.
  3. Stand for Something The most crucial lesson I've learned is the importance of standing for something. I believe in the human spirit and the power of speaking up for your convictions. If I felt strongly about something, I spoke up.
  4. Embrace Failure as a Steppingstone What's the worst that can happen when you voice an idea? It gets shot down. But that's not a reason to stop bringing ideas to the table. Big things start with a single thought, a single voice willing to speak up

Looking Forward

As our industry continues to evolve, let's remember the importance of standing firm in our beliefs while remaining open to growth and change. Whether you're a seasoned professional or just starting, your voice and ideas matter.

To the next generation of professionals in our industry: don't be afraid to compete, to break records, to speak up. But also remember to balance your ambition with compassion and collaboration. The lessons you learn today will shape not just your career, but your life.

I'd love to hear your stories. How have you stood firm in your beliefs in our industry? What ideas have you brought to the table that made a difference?

Until next time, stand tall, stand firm, and keep those ideas flowing!

Susan Richards

Susan you nailed it and have motivated many with this article Change is constant and success stories like this one says it is Simple Be ready to embrace the change , to be focused and Success is by product . Warm regards.

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Great Article!!

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Rick Martin

Passionate champion of strategic planning, active listening, collaborative participative management, continuous improvement, infrastructure design and development and innovative analytics while leveraging technology

4 个月

Great article. Many great life perspectives. The story needs to be told. Thank you.

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Altaf Sayed

VP - Sales and Solutions at Epicenter Technologies Pvt. Ltd

4 个月

This is so inspiring Susan, I'm privileged to know you as a person and call you a friend.

Matt Kiefer

President & CEO MKiefer Consulting| MBA, ACA Scholar & Fellow, Collections and Compliance Expertise & Personal Financial Literacy and Family Advocate,, proud patriot, NRA member, Shooting & Reloading enthusiast.

4 个月

Susan Richards, great article & a great reminder that in our industry, one must learn to adapt and overcome quickly too. Unfavorable court rulings, a change in a law or regulation, can have dire consequences for your team and your bottom line. One must not grow complacent with the status quo because your competition will leave you behind. Get out of your comfort zone and when you meet a goal challenge yourself by raising the bar for the next one. Leaving high school to go to school for electrical engineering, I could never have imagined that I would not only not be an engineer, but be a cop, a restaurant manager, work in revenue cycle in a hospital breaking my ankle hours before I was to report on my first night on the job, only to work my way up the chain and later run its collections agency. I enjoyed the challenge of keeping up with compliance changes and when HIPAA first came out, everyone thought that it was going to be the death knell of our industry. I volunteered to go through a train-the-trainer program with Florida Hospital (now #AdventHealth), and visit the various campuses training doctors, nurses, and people a whole lot smarter than me, about HIPAA. I loved that. I can only add that never stop learning.

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