A business rescue expert is someone who comes in from an external position, takes a look at your business and makes recommendations and decisions about how to turn the company around.
This involves looking at several key areas. One is the business funding. Where does the money come from, how much is there and is there potential to get more from other sources?
Another thing they will look at is the pressure from existing creditors. Can this be held back or can negotiations find solutions that are suitable for everyone at this stage?
What are the long-term requirements of the creditors and what can be given to them to buy some valuable time? Essentially, if you are worried about the future of your business – at any time but especially now when an impending financial crisis is making things more difficult – then you may need the services of a business rescue expert. read more...
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