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A curated hub for small-business owners facing unsupportable debt—practical guides to non-bankruptcy debt resolution that preserve core business value and jobs while aligning outcomes for owners and creditors. Expect explainers on reorganizational fundamentals, resolving personal guaranties, and tactical moves across SBA loan workouts, MCA exposure, tax and lease obligations, and vendor/landlord negotiations—showing paths to either a turnaround or an orderly exit.
Training is one area in business that is frequently mishandled. Here’s how to cover all your bases. Training. It’s one area in business that is frequently mishandled. Many business owners mistakenly hire a new employee and immediately put them onto the production floor or office setting, expecting the existing co-workers to train the newbie. You…
You may know you need to fire an employee but keep finding excuses not to. Here’s how that can affect your business. Most of us are good people. We all have similar values, we all want to do the right thing, we all want to get along and see the good in others. We want…
Bringing in new ideas and propelling your business to new heights requires a vital management tool: delegation. As a business owner, you likely have a strong will and a forceful personality. Your sense of ownership about your business naturally leads you to take on many roles and do much of the initial work needed to…
Often misunderstood, misused and problematic down the line, here’s everything you need to know before signing a personal guaranty. The personal guaranty: it’s often misunderstood, misused, and frequently causes a problem down the line. When you apply for a commercial loan, you will be asked by the bank to sign a personal guaranty. It’s standard practice…
The entrepreneurial disease is real, pervading a healthy entity and making it slow and weak. Here’s how to avoid it. The phrase seems like an oxymoron. On the one hand, you have a positive word like entrepreneur, representing a forward-thinker, someone who paves their own way in life and doesn’t let obstacles get in the…
Testing is a critical component in ensuring you don’t waste capital and you don’t waste your time on mistakes. Look before you leap. Truer words have never been spoken, and they ring true in the business world too. The entrepreneurial spirit is one that is so committed to its vision, so committed to seeing something through to…
Getting customers emotionally attached to your brand is a big investment, but it will pay off in customer loyalty and retention. Super service: this is one main way small businesses can separate themselves from their larger competitors. Whereas large corporations may be able to rely on brand recognition, low prices, or heavy market infiltration, small…
Small businesses can turn on a dime. Here’s how to respond. In Part 1 of this series, we spoke about spotting trends early and how this is a huge advantage to small businesses. Today, we’ll fill in the other side of that equation: implementing an immediate response to early evidence of a developing trend. So, first…
The ability to identify trends before they even become trends is the hallmark of a small business. Small businesses have one distinct advantage over large businesses: their ability to spot trends quickly. This micro response to trends is a great benefit for the small business owner, as it can help nip problems in the bud…
(For 7(a), 504, and Microloans—not EIDL loans). There’s an art and a science to negotiating a modification or deferment on your SBA debt. Think of it as a balancing act between you, your guarantors and the lender. You need to show that your business truly needs relief, while also proving that it’s strong enough to…
Speak with a specialist who can evaluate your situation and reveal strategies to help your business.
Speak with a specialist who can evaluate your situation and reveal strategies to help your business.
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