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Tag Archives: business debt problems

1 Tip – Managing Your Interest Rate Risk in Business

Depending on how much debt your business carries, your exposure to changes in the interest rate could be high or low. The best advice I can give about the future of interest rates: Don’t believe the fortune tellers! If your banker says, “ We don’t see interest rates rising for a couple years."  - Don’t believe him. If the media makes... Continue reading

How to Collect Money Owed from Customers

As a business owner, when a customer is late paying their account, they typically get a lot of attention from you. You might even call them up and ask how things are going and find out if you can help them along – so they can pay their outstanding account! But when a customer pays you right away, you tend to do nothing – except cash the cheq... Continue reading

Improving Business Owner to Banker Communications – 3 Tips

Bankers speak one language – business owners speak a different one – when they get together without a translator, the result is usually frustration. Don't make assumptions 1) Don’t assume that logic or reason are important to the lender – The most popular argument to a banker when asking for a loan is, 'I opened my account at this insti... Continue reading

Is it Time to End Your Small Business?

Are you like the frog in the pot of boiling water? It is a known scientific fact that if you take a pot of water and bring it to a boil and then take a frog and drop it in – guess what happens? It jumps right out. Surprised? I didn’t think so. It is another known scientific fact that if you take a frog and put it in a pot of water at room t... Continue reading