Get Back to Running Your Business, Doing What You Do Best - Leave the Workout to Pros
One of the more serious side effects of being under cash flow duress from reduced revenues, are how these issues change your focus from running the business to fighting for survival.
Being forced to fight the battles every day, with notes being called, and threats of foreclosure looming from your bank, not taking home a check, so personal finances are in disarray, most of your time is being spent fighting this war.
Juggling cash flow, worrying about how to make payroll, aggressively collecting accounts receivable, worrying about how to convince vendors to ship you while you still owe for previous invoices and cannot afford to prepay or even pay COD.
Late on rent, late on car payments and worrying about a repo, and on it goes.
Soon you may be challenged with facing the IRS for failure to make 941 tax payments, or your landlord threatening eviction unless you come current.
I understand.
It is a near impossible balancing act.
Two things can occur to change this situation immediately when you engage the professional services of a workout specialist: First, their efforts and workout strategies remove these issues...
completely, affordably.
Second, and most important this leaves you to focus on what you do best and what is most important and most necessary for your long term survival...
managing your business, reinventing your business so it once again becomes profitable and successful.
I hear from so many of my clients, that they cannot focus on their business and when they go home they only worry about their situation, none of which will help to change their reality.
As critical to your emergence as is the workout of your debt, is the need for you to be able to get back to business, and with a balanced cash flow, having stripped off the debt and reduced your personal guaranties reinvent yourself, profitably and emerge successful again, under the new economic realities of the day.
Simply removing the war zone from your daily efforts is a huge enough change.
Giving you hope and some peace that the issues will be resolved, is another huge uplift.
Going home and announcing to your spouse that you have some help and there is light at the end of the tunnel, that you will survive and work this all out, is the best result imaginable and this occurs moments after you sign on.
You cannot do it all alone.
You need special skills which most business owners do not posses, nor should you, as you have been focused on building a business not working out debt.
Get professional experienced workout help.
Remove the issues from your responsibility, concentrate on your business.
That is the recipe for successful emergence from this economic meltdown.
Peace of mind, refocus and professional assistance working out your issues while you rebuild your business.
This works, little else does.
Being forced to fight the battles every day, with notes being called, and threats of foreclosure looming from your bank, not taking home a check, so personal finances are in disarray, most of your time is being spent fighting this war.
Juggling cash flow, worrying about how to make payroll, aggressively collecting accounts receivable, worrying about how to convince vendors to ship you while you still owe for previous invoices and cannot afford to prepay or even pay COD.
Late on rent, late on car payments and worrying about a repo, and on it goes.
Soon you may be challenged with facing the IRS for failure to make 941 tax payments, or your landlord threatening eviction unless you come current.
I understand.
It is a near impossible balancing act.
Two things can occur to change this situation immediately when you engage the professional services of a workout specialist: First, their efforts and workout strategies remove these issues...
completely, affordably.
Second, and most important this leaves you to focus on what you do best and what is most important and most necessary for your long term survival...
managing your business, reinventing your business so it once again becomes profitable and successful.
I hear from so many of my clients, that they cannot focus on their business and when they go home they only worry about their situation, none of which will help to change their reality.
As critical to your emergence as is the workout of your debt, is the need for you to be able to get back to business, and with a balanced cash flow, having stripped off the debt and reduced your personal guaranties reinvent yourself, profitably and emerge successful again, under the new economic realities of the day.
Simply removing the war zone from your daily efforts is a huge enough change.
Giving you hope and some peace that the issues will be resolved, is another huge uplift.
Going home and announcing to your spouse that you have some help and there is light at the end of the tunnel, that you will survive and work this all out, is the best result imaginable and this occurs moments after you sign on.
You cannot do it all alone.
You need special skills which most business owners do not posses, nor should you, as you have been focused on building a business not working out debt.
Get professional experienced workout help.
Remove the issues from your responsibility, concentrate on your business.
That is the recipe for successful emergence from this economic meltdown.
Peace of mind, refocus and professional assistance working out your issues while you rebuild your business.
This works, little else does.
Source...