Avoiding Disaster
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  Running Time: 7:12 Date: 01/07/2012 If you see bad times ahead for a business, make sure it gets its affairs in order early. Leaving it too late invites disaster. If a client'sbusiness is struggling and insolvency seems just one more debt away, then they may have left it too late to take the necessary steps to avoid disaster. Roger Mendelson, of Prushka Fast Debt Recovery, says it's crucial to act early, to get banking and loan documents in order (or perhaps change banks), to check supplier contracts and personal guarantees, and to do everything possible to keep the cash flowing. He believes many more businesses than is usually suspected are trading while insolvent, which makes recovering debts difficult, thereby imposing more strain on their creditors. Topics: Financial Management, Management |
 Roger Mendelson, Prushka Fast Debt Recovery |