There’s a major fear and uncertainty surrounding debt. If you’ve accumulated debt in your business and struggling to pay it back, you must understand that there are many solutions to help you handle this challenge. In business, there are additional burdens that come with debt. You might feel ashamed and try to hide the fact that you’re struggling since your image of success is a big part of your credibility. You might think, if people who do business with you find out, they m

Is your business going through such financial hardship that your income isn’t enough to cover your debt payments? If this is the case, then your business could be at a high risk of going bankrupt. However, there is another route, known as corporate debt restructuring. A service offered by third-party companies who negotiate with creditors on your behalf to reduce the debt burdens and avoid bankruptcy. If you have exhausted all other options and your debt is too large to manag

Are you looking to take out a loan? You probably get offers in the mail all the time, or maybe your banker promised to give you the best deal... If this is what went through your mind, then you must read this article. Note: I have nothing against bankers, creditors or any other lender. The thing is, loans cost money, a lot of money! If you do not make an extremely calculated decision and simply rely on others, you can end up with a large debt problem. How to know if your loan

Cost reduction is an important part of running a successful business. If you are looking to increase profitability, productivity or simply struggling to cover your financial obligations, then its time to cut your costs. The first thing that usually comes to mind when cutting costs, is laying off employees, honestly, I’m not a big fan and would only recommend this method as your final resort. To maximize profitability, you must do two things: Boost revenue Reduce costs The act

No matter how long you’ve been in business, you are not immune to debt. In essence, unless you have an astronomical amount of funding and manage your financial position consistently. You will most likely find yourself in debt, as it’s one of the main sources of funding. Having to take on debt does not mean you are not successful or that your management methods are flawed, it simply means you needed money that you didn’t have at the time. Keep in mind, that a small financial h

Managing a business requires a lot of expertise, time and money. Even if it seems like your business is doing well, how well are you actually performing? With nothing to compare it to, how can you possibly answer this question with complete confidence? That’s where industry benchmarking comes into play. It provides you with a clear picture of where you stand compared to your competitors. This article will give you the tools and understanding about the use of industry benchmar

Many business owners struggle to maintain steady cash flow. To keep your business doors, open, it's vital that you understand your options to effectively tackle this common challenge. One of the biggest fears in business is not having the means to pay your obligations. If you’re constantly tight on cash and struggling to pay your employees or vendors you might be facing a cash flow crisis. In this article, you’ll learn about the 8 most common reasons of cash flow shortages an

Are you trying to increase your profits but can’t figure out how? Usually, when business owners think of boosting their bottom line, they consider developing new products, services or implementing expensive marketing campaigns. Reaching the point that you simply don’t know what you should do next to increase your profits is daunting, but can also be a great opportunity. In this article, we’ll explore some of the tactics you can apply immediately to maximize the amount of mone

As a business owner, there are many reasons that could motivate you to take out a loan. However, you must keep in mind, that borrowing money is expensive and can be risky. If the pros of debt outweigh the cons, and taking on a loan will help you handle your cash flow, keep you from closing shop or allow you to expand your business then it’s probably the right way to go. In this article, you will learn about the most common types of business loans available and how factoring l