Six Questions to Steer Your Business Out of Troubled Waters

Often times, small businesses are more susceptible to the ups and downs of financial markets, fickle consumer demands and increases in the cost of doing business. Financial health can shift quickly from one position to another that’s much less rosier. However, small business owners must be able to react nimbly when economic conditions change and the going gets tough.

 

 

Recalibrating your income-to-debt ratio at the right time can save you money, reduce worry, prevent more drastic measures and set your company on the right track for a turnaround. Turnarounds are possible even when your books are filled with red. A corporate debt settlement can be the answer.

 

 

But how do you decide if a professional corporate debt settlement is a good idea for your small business? If you answer yes to any of the following questions, initiating a debt reduction or debt release plan is most likely a good choice:

 1. Are your net profits extremely low, non-existent or drastically eroded by debt?

2. Are you paying more to finance your debt than other major budgetary line items?

3. Are creditors harassing you for late or missed payments?

4. Have lenders stopped talking to you about credit?

5. Have you lost credibility as a company due to your debt burden?

6. Do you think that closing your doors or filing for bankruptcy is your only option?

 

 

Sometimes a seemingly unfixable problem can be overcome when placed in the right hands. Specifically, a professional debt release negotiator can assess your financial picture in a brief period and determine the best course of action for your situation. That’s what corporate debt restructuring professionals are trained to do. Debt negotiators work in your best interest to improve your bottom line and lessen your burden.

 

 

Your hands and head should be busy on issues of productivity and profit. Ruling out a corporate debt settlement may limit your small business’s chance for survival.