How to Identify Financial Distress and What to Do Next

Описание: 0:30 - What can I do to protect myself?
0:58 - FREE "Signs of Financial Distress" document
1:09 - Top 4 signs of Financial Distress
3:09 - How do I mitigate my risk?
4:30 - What are effective strategies to deal with financial distress

Avoid becoming an unwary creditor in your business partner’s bankruptcy proceeding with these 3 basic steps.

First - learn to identify the tell-tale signs of Financial Distress
Second - take proactive steps to mitigate your risk
Finally - strategize cooperatively to see the project thru to successful completion

Now is not the time to delay in executing strategies to ensure you and your current projects are not at risk due to a partner's financial distress. Be proactive in determining your level of risk across your enterprise or current project pipeline, and in mitigating that risk. Also, seek cooperative ways to avoid legal disputes with long-term partners. An ounce of prevention can be worth $10's if not $100's of thousands worth of cure.

Proactive communication and knowing how to immediately respond to and deal with financial distress is KEY to continuation of business relationships with important partners.

Subscribe to my channel and email me at [email protected] for more information or to request my full list of the Top Signs of Financial Distress.
#TeamShutts
_______________

My top 4 signs of financial distress -
1) Termination or resignation of key management and leadership, or resignation of board members
2) Look for new liens, particularly second mortgages, construction liens, or new UCC financing statements on existing products or inventory.
3) Search the news and internet for any signs of financial problems that your business partner's industry may be facing
4) Research social media and client comments or reviews
_______________

[email protected]
https://www.shutts.com/professionals-...
  / michaelckelley  
@constructionattorneymichaelkelley