Clearly, the most important reason to hire an experienced debt workout specialist, a consultant who has successfully handled hundreds of workouts and knows what exactly works and what does not, is the risk involved if a workout is not done effectively. For success to be realized, substantial expertise is required. As in any specialized practice, only years of hands-on experience can prepare one for these battles, the unique aspects of any individual debt workout case. It should be very obvious why one would want a seasoned professional representing them in a life or death financial battle, especially when in default and presumably defenseless. This is clear.
What you may not consider is the intense secondary advantage of hiring an experienced, professional debt workout consultant to handle your entrenched debt workout; it frees you to concentrate on growing your business and make it succeed.
We know that a business owner in default, with insufficient cash flow, must fight for survival on a daily basis. You fight to collect receivables so you can make payroll every week. You fight to juggle your cash flow so you can keep your landord mildly satisfied. You fight with your vendors to ship regularly your arrears. You fight with the bank to allow partial payments or no payments at all and to not foreclose.
You pray the IRS does not shut you down or levy your accounts because you are in arrears on your payroll taxes. You beg your insurance company to not cancel important insurances. You receive dozens of calls about your unpaid credit cards at home and work. Under such adverse circumstances, how can you possibly manage your business? How can you successfully market when all you can do is manage your debt?
The answer is, you can not !! So, what can you do about this? Only one strategy exists that supports success in this environment: Hiring an experienced workout specialist that can completely handle your debt challenges, freeing you, the business owner, to do what you need to do and what you do best-manage and develop your business. Wow, it feels like freedom! It IS freedom, freedom to do your job. What a relief, what a delight!
It's a successful concept, a great need benefit, returning to the management of your business to develop a successful growth plan while we handle the banks, vendors, landlord, etc. Finally, you're back to doing business, right where you belong. This works. Call us for an evaluation of your situation and a proposal for a successful debt workout.