ALLEVIATE FINANCIAL STRESS – STRATEGIES FOR BUSINESS OWNERS

1
ALLEVIATE FINANCIAL STRESS STRATEGIES FOR
BUSINESS OWNERS
2
About us

• We at Credit 720 work for you in a similar way
  just as your Tax Consultant or Accountant. You
  hire our expert advice in debt negotiations as we
  help protecting your assets and safeguarding your
  rights as our esteemed client.
• Our goal and aim is to protect your best
  self-interest and not the creditors, the advice
  that we offer will make sure you are represented
  and treated fairly regardless of your current
  financial situation with respect and dignity
  throughout the negotiation process of a Consumer
  Proposal or a Bankruptcy until you receive your
  final discharge or a Certificate of full
  performance and ultimately help you preserve a
  good credit rating which is our ultimate  GOAL at
  Credit 720.

3
Alleviate Financial Stress- Strategies For
Business Owners

• 40 of Canadians believe that financial stress
  causes various problems in their lives.
• 48 of Canadians suffer from sleep loss due to
  financial stress.
• 36 of Canadians experience mental health issues
  due to financial concerns.
• 16 of Canadians have relationship concerns,
  thanks to money-related problems.

4
Alleviate Financial Stress- Strategies For
Business Owners

• However, various financial factors are
  contributing to financial stress among Canadians,
  and some of the main issues are
• 35 of issues of on-time bill payments.
• 35 of issues are regarding retirement savings.
• 32 of issues belong to expenses.
• 22 of issues arise due to job and income
  insecurity.
• 29 of issues emerged from the debt.

5
Strategies for Business Owners to Alleviate
Financial Stress Vancouver/Surrey Canada

• As a business owner in Vancouver or Surrey in
  Canada, you can follow the following strategies
  to deal effectively with financial stress in your
  business.
• Have a Budget or Financial Planning
• Monitor cash flow and expenses in your business.
• Recognize areas where you can improve your cash
  flow.
• Identify areas where you can cut unnecessary
  expenses.
• Set realistic financial short-term long-term
  goals in your business.
• Take professional help to do financial planning
  for short-term and long-term goals.

6
Strategies for Business Owners to Alleviate
Financial Stress Vancouver/Surrey Canada

• Enhance Cash Flow
• Implement effective invoice practices.
• Offer incentives on early payment.
• Negotiate favorable payment terms.
• Impose penalties on overdue payments.
• Diversify Customer Base
• Sticking with a particular customer base is
  risky.
• Explore new markets.
• Target various demographics.
• Offer additional products and services to woo
  more customers to your business.

7
Strategies for Business Owners to Alleviate
Financial Stress Vancouver/Surrey Canada

• Bring Constant Improvements
• Time-to-time review your expenses.
• Regularly negotiate with old contracts for their
  terms conditions.
• Negotiate with suppliers and service providers to
  implement better terms and services.
• Offer alternative pricing plans.
• Provide bulk discounts or incentives.
• Consider outsourcing non-core functions.

8
Strategies for Business Owners to Alleviate
Financial Stress Vancouver/Surrey Canada

• Explore Government Support Programs
• Recently, the Canadian government passed a bill
  of two trillion CAD to rescue weak businesses
  industries. So, explore the aid options if
  available for your business niche. Find options
  to differ in loan payments under the CARES Act to
  somewhat cut your financial burdens.
• Leverage Debt Negotiations Surrey Services
• Debt is the leading cause of most financial
  stress. Therefore, take the help of
  professionals-like Debt Consolidation BC to
  leverage their debt negotiations Surrey services
  to alleviate your business from the additional
  burdens of high-interest rates.

9
Strategies for Business Owners to Alleviate
Financial Stress Vancouver/Surrey Canada

• Invest in Marketing Customer Retention
• Push better marketing strategies to acquire new
  customers.
• Plan the marketing strategies to increase
  customer retention.
• Apply digital marketing strategies and
  techniques.
• Build strong customer relationships.
• Take Bad Credit Help Surrey
• Bad credit in the market can spoil the future of
  your business and upcoming opportunities for
  steady growth. You need to control your debt by
  using professional financial advisors help
  in DebtConsolidationBC.

10
Strategies for Business Owners to Alleviate
Financial Stress Vancouver/Surrey Canada

• Adapt to Market Changes
• Push Keep a close watch on your industry trends.
• Stay informed on various economic developments in
  the industry.
• Learn about changing customer behavior in your
  market.
• Being proactive and agile in responding to market
  changes.

11
Contact Us
Surrey Unit 456, 2153 Central City 10153 King
George Blvd Surrey, BC, Canada V3T 2W1 (Inside
Central City Mall, across Burger
King) Telephone [phone]
Fax [phone] Email info_at_credit720.ca We
bsite www.debtconsolidationbc.com