Often Retailers Financial Problems will cause a drain on cash flow. Your business debt must be reduced, eliminated or restructured. This will make your business more manageable therefore reduce drain on cash flow.
Every business, large and small, can run into problems beyond the control of management. Retailers financial problems are increased competition, a lawsuit, slow payment of receivables, higher than expected expenses, economic downturns, a natural disaster, a medical illness and other unanticipated problems. The retailers financial problems cause debt payments to fall behind and result in a major financial crisis.
A professional debt management consultant will provide effective solutions to these problems.
Most of all, it is important to consider the following points when retailers financial problems develop:
- Don’t Wait. First step is the sooner you can gain control of your small retailers financial problems the better off you will be. Most of all, stop the phone calls, collection letters, attorney fees, lawsuits, liens and other unpleasant results of past due balances. A qualified debt management consultant can stop this interference with your normal business functions very quickly and can begin the process of reducing the impact of the problem.
- Don’t Do It Alone. The small retailers financial problems that you have in your business are the problems you can solve. A financial crisis and the emotional upheaval that normally accompanies such a crisis make it very difficult to address these problems without help. Therefore a third party negotiator is often needed to get the desired results. A professional knows how to negotiate an approved solution. They base their recommendations upon a careful analysis of the financial situation and the cost of other alternatives to a negotiated agreement.
- Bankruptcy Should Be Last Resort. Often small retailers financial problems with excessive debt will consider bankruptcy. However, bankruptcy should only be considered as a last resort. It can be detrimental to your credit for years to come, it is extremely expensive. Therefore it substantially reduces the flexibility to manage your own finances. Bankruptcy is not good for either you or your creditors.
- Your Credit Rating. Credit is essential to the functioning of most retailers. A professional negotiator will always act to protect your credit rating. Then they will obtaining a full release with any settlement. In our experience, creditors will resume the business relationship after the settlement is made.
- The Professional Negotiator. Professionals that negotiate credit settlements are best equipped to obtain a settlement for you. As a result, they eliminate the hassle from the creditor and let you go on with business. It is their business to know how to get the best settlement and as a result, they don’t get paid until they get a settlement. Their payment is an agreed percentage of what they save you.
You don’t pay anything until you see a tangible savings. Therefore you don’t have to agree to any settlement that you don’t approve.
What We Do. CCH Consulting specializes in working with small and medium size retailers. We help find solutions to their problems. To improve cash flow we will enhance market visibility, improve sales, and eliminate old inventory. In addition we help the retailer exit their business by conducting a store closing sale. Working with professionals who are experienced, we will help you sell the inventory and assets of your business.
What we can do to help retailers financial problems:
- Settle debt for 30 – 70 cents on the dollar.
- End harassing calls.
- Stop your negotiating with creditors.
- Satisfy creditors within your means.
- Protect your credit rating.
- Waived interest and late charges.
- Accelerate cash flow.
- Safe guard your assets.
- Revitalize your business.
- Finally get quick relief.
- Then focus on running your business.
In order to negotiate debt you will need cash to pay the settlement. CCH Consulting will help you with your cash flow. Then we will help you plan and implement an inventory reduction sale or store closing sale to raise that cash.
Furthermore, we will find you a professional debt negotiator. In conclusion, we have negotiators that have proven track records helping solve retailers financial problems.