🤔How to Address Corporate Debt Crisis Using Smart Strategies
1. Debt-for-Goods Swap 📦
– When facing cash flow issues, a company can negotiate with creditors to settle debts by offering products or goods instead of paying cash.
– Example: Zhou Qunfei settled some of her debts by providing screen glass instead of cash – see the video about her story.
2. Negotiation with Creditors 🤝
– Negotiate with creditors to adjust repayment terms, such as extending the repayment period or offering part of the debt as goods beneficial to both parties.
3. Maintaining Financial Liquidity 💰
– Paying off debts with goods helps maintain financial liquidity to run the company and continue production
4. Continuing Production and Expanding Market 🚀
5. Flexible Thinking in Crises 💡
– During financial crises, innovative and flexible solutions should be adopted, such as:
– Selling non-essential assets 🏢
– Attracting new investments 💼
– Reducing operational costs 📉
– Converting debt into equity 🏦
– Finding a strategic partner 🤝
– Improving receivables collection 💸
– Utilizing government support 🏛️
– Selling franchises 💰
– Launching new products or services 🚀
– Reducing team size to cut expenses and hire only the best 🧑🤝🧑
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