Helping your business survive difficult times
Practical guidance to help you manage your business through cash flow difficulties:
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improving and managing cash flow
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negotiating forbearance with your lenders and creditors
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identifying and managing risks to your business
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developing a turnaround plan
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preparing and reviewing credit applications
SURVIVE
IN BUSINESS
The most difficult time for a business manager is when their business is experiencing financial difficulties and possibly heading towards failure. Very few managers have experience in this complex and demanding space. It is a time when managers are confronted with some of the most challenging decisions of their lives, often without support and with very limited cashflow.
No matter what business you are in, or how big or small your business is, there are practical steps you can take to turn your business around, but timing is a critical factor in determining the success or failure of your business. How you manage the difficulties and complexities that confront your business in difficult times will, in all likelihood, define not only the future of your business but your own future.
Our business seeks to provide support and guidance to help you prepare your business for difficult times or to successfully navigate through financial difficulties.
Refer to our Publications and Blog pages for informative articles, or complete the contact form at the bottom of this page to arrange a free initial consultation
Survive in Business was established by Steve Lloyd, who has more than 30 years' experience in managing,
advising and mentoring businesses experiencing financial difficulties. He is the author of Survive in Business: How to turn your struggling business around, a comprehensive guide to managing a business through difficult times which can be purchased from Amazon and most other online bookstores.
Steve's key message is this: "Most business failures can be avoided with timely action"
CASH FLOW PROBLEMS ?
The vast majority of business failures occur as a result of cashflow problems.
There are many options available to businesses to generate cash internally and from external sources.
We can assist you to critically review cash flows, develop strategies to manage cash flow and to prepare 3-way forecasts as a tool for business management and to elicit the support of financiers and creditors.
Click on the Advice button below for further details or check out the ‘Publications’ tab for a FREE article on this topic or to purchase the book 'Survive in Business: How to turn your struggling business around' which has a chapter dedicated to management of cash flow when your business is experiencing cash flow stress.
IS YOUR BUSINESS PREPARED
FOR A RECESSION?
Economists and commentators agree that we are facing into difficullt economic times, although they cannot agree on the seriousness or duration of the downturn. Some are forecasting a recession, some expect a soft landing, and a few think we are facing into a 1930’s style economic depression or a period of stagflation.
The only thing that is certain is uncertainty.
In uncertain times, it simply is good business to be prepared for potential downside scenarios. That means building resilience into your business so that the impacts of adverse future events on your business are minimised.
Get a copy of the FREE article on preparing your business for a recession via the “Publications” tab
We can also help you plan and prepare your business for an economic downturn. Click the ‘Advice’ tab for further details
UNDER PRESSURE FROM CREDITORS?
Constant calls from creditors chasing overdue payments? Tax arrears haunting you? Don’t wait to be sued or wound up.
Get on the front foot and drive workable solutions with your creditors.
We can help you develop, negotiate, and implement strategies with your creditors. Click the ‘Advice’ tab for further details.
Also Chapter 7 of the book 'Survive in Business: How to turn your struggling business around' provides strategies for managing creditors. Click on the 'Publications' tab to purchase the book
STRUGGLING WITH LOAN PAYMENTS?
When a business is experiencing cash flow difficulties restructuring debt obligations can greatly assist with cash flow stresses, a reduce the risk of your bank taking enforcement action
There are a number of ways that debt can be restructured including seeking more favourable loan terms, temporarily deferring or suspending loan payments or seeking to permanently reduce debts by seeking a loan write-off.
Of course, any restructuring arrangements must be acceptable to your financier, and that's where we come in. We have extensive experience in debt restructuring and debt renegotiation. We can help you develop workable debt restructuring strategies for your business, prepare submissions for support and forbearance from your bank, and assist with negotiations with your bank if required.
Click the ‘Advice’ button for further details.
Chapter 11 of the book 'Survive in Business: How to turn your struggling business around' also provides detailed strategies to manage your banking relationships when your business is having financial problems.
Click on the 'Publications' tab to purchase the book.
