Managing Excessive Debt
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  Running Time: 4:47 Date: 01/03/2013 Don't let your business debts get out of hand - thinking and acting strategically can help you avoid disaster. If your business debts are mounting, don't wait until they've got out of hand - you'll find your options quickly shrinking if you do, and the Tax Office is taking a harder line now against directors who aren't meeting their obligations, expecially to employees. David Henderson, of business advisers ROCG, says letting costs drift ahead of income without taking action will surely bring trouble. You'll find it hard to refinance, or to raise money for new investment. The answer, he says, is to think strategically: look at your business model and your whole operation. It may be necessary to reshape your entire business and push it in new directions, rather just trim here and there and hope for the best. Topics: Financial Management, Management |
 David Henderson, ROCG |