12
Dec
Managing Financial Issues Before the Bank Comes Calling – Proactive Steps to Manage your Business Credit
It is no secret that the economic downturn is affecting business across the province. Revenues and asset values are down and investment and lending practices have tightened up considerably. In times like this, it may be tempting to ignore financial issues and hope for better economic news. However, it is far better to be proactive in managing the financial aspects of your business, maintain open communication with your lender, and seek professional assistance early—even if it is just to identify potential problems.
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