Overcome Your Business Challenges - Without Cracking A Hissy Fi
Get Your Free Business Listing Now!
Register now & get your FREE Business Listing & gift valued at $1790!

An email will be sent to you with the details...
First name:
Email address:


« Back to

Overcome Your Business Challenges - Without Cracking A Hissy Fit!


When your back is up against the wall and you've got debt collectors knocking on your door, how do you pull yourself together to deal with this kind of business pressure without cracking a hissy fit? overcome your business challenges, debt collectors knocking on your door,

 

Here are my 5 simple steps to moving forward when you feel like you are being sucked backwards;

 

1. Get A Grip!

 

First port of call is to acknowledge that you are currently up shit creek and something needs to be done about it. This may be a hard thing to hear, (so I'm gonna say it anyway!) you put yourself in this situation and it is up to you to take responsibility to get yourself out of it!

 

Avoid the responsibility and the solution will avoid you!

 

2. Map Out Your Current Challenges

 

When the pressure is on, it is hard to take a perspective on your situation that would swiftly bring it to a resolve. Sit down for 20 minutes and map out all of the challenges you are currently having. 

 

Don't assume the worst, find out what is really going on and then you can make informed decisions on how to respond to it. I.e. what bills are due and when, what kind of cashflow are you expecting this month, can some of your bills be extended out to take some immediate pressure off?

 

3. Moving Forward

 

Once you have clearly identified what is going wrong, then you can map out a way forward. Identify the most urgent and important things and place in order. Then next to each one write down a list of creative ways that can assist you in solving these challenges. Think logically, think big and then bring it back down to realistic and doable.

 

5. Shut Up & Get On With It

 

You've identified your challenges, how to overcome them and you've mapped out a plan to move forward.

 

Work through your list one item at a time until they are all complete. Don't switch from item to item, otherwise you will end up in the same position as you did previously.

 

There you have it, 5 key tips in moving yourself through a challenging situation without cracking a hissy fit. 

 

Do you have any others?

Hit "Comment" and share them with us below.

 

Until next time,

 

Ben Angel

 

P.S. Have you checked out our latest schedule of business networking events?

 

P.P.S. Are you in need of some free small business advice, go to our online business forum now for answers on one of your many business questions...

Posted by Ben Angel - Business informati on 15 April, 2007 | Comments (1) | Trackbacks

Trackbacks

There are no trackbacks for this post

Comments

Facing the debt collectors

Great starting tips Ben, for acknowledging & tackling cashflow constraints. The traumatic & demoralising issue of handling debt collectors is however, worth a chapter in itself! As Ben suggested, always ring & seek an extension from your creditors first. As suggested, establish a cashflow statement forecast, but for at least the next 3 months. Then, assess how much you can afford to repay EACH of your creditors, on a monthly basis. e.g. 40%, or 25% etc. Do not play favours with creditors but treat each as an equal with your proposed repayment plan. Now the hard part. Take a deep breath, swallow your pride & ego, & ring each debtor & explain your current cashflow crisis. Be clear you wish to repay your dues in a timeframe that is workable for you, during your current INTERIM cashflow decline. Most will be pleased you have made contact & will be prepared to work with you. Don't be forced into making higher repayments you cannot honestly afford as your stress will continue to grow. Also, their are free financial counsellors at Community Centres. Ring & ask for their advice. They are so busy though, you may have to wait a few weeks for an appointment. Persist though. They are caring & understanding human beings who have heard of many struggles, and they assure help make you feel like the light at the end of the tunnel is not so dim. Also view info online at www.itsa.com.au Keep smiling & maintain your passion to succeed! P.S. This is not professional financial advice, but from my own experience. Financial hardship & unexpected serious health problems is an extra kick-in-the-butt to fire your passion to succeed. Trust me :-)

Posted on 29 April, 2007 by Jeanette Inglis

Nationwide Networking - Your Business, Our Support, Your Success!
© 2006 - 2008 NWN. Powered by Web Genius
Page: Overcome Your Business Challenges - Without Cracking A Hissy Fi - Last Updated: 30th October, 2007 | Site Map