Is your business in financial trouble? Business expert Barbara Weltman offers advice on how you can begin to address your monetary problems.
If your company is in financial trouble, first of all, don’t ignore it. The problems are not gonna go away by themselves. You have to face it. But there are a number of options that you can use to get yourself out of trouble. One might be, for example, to turn to a debt restructuring company to help you deal with all of your creditors. A last resort, of course, is bankruptcy. But I think the ultimate question and you have to decide for yourself is, is your business viable? If you can get out of a temporary financial problem, will your business ultimately succeed, or is it time to face reality and shut the doors?