Exercising your thinking on the financial side of this picture should help you as you work “on your business” to change it to meet new market challenges. Third, once you have a foundation plan in place, adopt a strategy to thrive over the next two to three years . This […]
In a down market, they need business and will want to solidify their customer base. Ask for an early payment discount of 4% or 5% if your anticipated cash flow permits. These types of terms can put you ahead of the competition and keep you there. Every small increment in […]
Dickens was referring to a revolution instead of a temporarily disrupted economy or a longer recession. His words are still a good tagline for a disrupted independent business scene. When you look back at a particularly difficult time, it may well go down in history as the era when investors […]
Call your banker and ask for loan-payment deferrals. You may need a ninety-day period with no mortgage or other loan payments. Again, ask for the flexibility you think you need to be able to allocate your limited cash to other uses. Detail out for them the limited cash flow to […]