Directors can save their businesses without resorting to Insolvency or Debt Management Services - just by picking up the phone.
Lancashire, UK -- (SBWIRE) -- 02/13/2013 -- Small Businesses are making life more difficult for themselves than they need to - by not taking advice on dealing with debt early enough, says an Insolvency Practitioner.
Andrew Rosler of Dragons Clinic believes many Directors could avoid Insolvency by talking their creditors at an earlier stage.
“When a business gets into debt, especially when the debts start getting out of hand, Directors tend to panic. They don't know what to do, so they do nothing. They firefight. If only Directors started dealing with their creditors earlier they wouldn't need an Insolvency Practitioner.”
“It's an easy trap to fall into; most businesses have done it at one point in time or another. ”
“Yet, with a little professional advice, Directors can make a huge difference the future of their business, and save it from Insolvency or Debt Management Services.”
“The base of the problem seems to be how people see taking Insolvency advice. Just because you are taking advice it doesn't have to mean that you are closing the doors on your business or pursuing any form of debt management service. Insolvency Practitioners can also offer advice on what businesses can do to keep creditors at bay, and what their legal position is.”
“Just because you take advice from a doctor, it doesn't make you terminally ill.”
“Indeed, Insolvency Practitioners are the best people to speak to when a business has even a small debt problem, so they can ensure they never need a formal Insolvency procedure.”
“Much like doctors, we've seen all the ills and ailments a business can have. We really do have the t-shirt on debt solutions. We have seen what leads a business to ruin, and usually, what can save it. So why not take advantage of that experience? It's madness not to, especially as most Insolvency Practitioners have some form of free consultation they offer.”
“If a Director does wait, like most of the people that call us, there will be little that can be done - it usually results in Liquidation of some form. This also has the downside that the costs for dealing with your Insolvency would be a lot more than they would have been if only they had called at an earlier stage as the case will be more complicated or aggressive.”
“Despite what they may have heard, we won't just come in and take over a business, just because they have a few debt problems (having a bit of a sniffle in medical terms). We are genuinely there to help, businesses don't need to rely on hear-say or myth or even the advice of John from the pub– we can give them the facts.”
“By getting the advice early, Directors can avoid Insolvency or other formal Debt Services altogether. Even if their company is Insolvent and we need to put something into place, this will save them a lot of money and catch it early on.”
“It's important for Directors to remember that having debt is not a problem, not taking advice early on is. Debt Management Services or Insolvency can usually be avoided by simply picking up the phone.”
About Dragons Clinic
Dragons Clinic is a boutique based Business Debt Services company based in Bolton, Lancashire, UK. We offer tailored made services for businesses of all size. We pride ourselves on helping small businesses with a portfolio of services that you would normally only find if you were a blue chip company.
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