Its all about change. Most entrepreneurs perform their core business service very well, but the skill of running a business is most often deficient. Thus they respond by working harder and more, 24/7 if they could, believing that's how to get ahead, willing to sacrifice their own needs for the betterment of their business. Working harder and longer isn't always the answer, its more about learning how to do it better and making the changes required to succeed. Its more about learning the science of doing business that is missing from most entrepreneurs skill set, education, training and experience.
That's what I have learned first hand after implementing 56 businesses myself (so far), most successful, some very successful. Eventually over the years I made mistakes and thus learned what not do to, and discovered what to do, what works and what doesn't work. In essence through advanced eduction, learning from some very successful mentors and by hard fought experience, I learned the science of doing business. So now I continue to open new business, as well as teach, train and help others develop their business without them having to make every possible mistake imaginable... again.My reward is helping business owners succeed and helping their dreams come true.
The goal is satisfying the entrepreneurs greatest two wishes, the first being stability and security and more, yes a better way of life, including more advantages, more cash, and a better life.
The second goal, to compete effectively and be successful, the innate entrepreneurs drive. Achieving these two goals, is what I am working for, to create successful business and successful business entrepreneurs.
Do some of my clients get rich, creating great wealth? Definitely yes and this is a huge accomplishment and I am very proud of the success stories, as success is a driving force for us all, and achieving great wealth is of course a delightful indication of runaway success.
I look forward to assisting my clients in achieving their goals and helping their dreams come true.
Unfortunately the road to success has many bumps, pot holes and ruts. There is not a single successful entrepreneur that has not experienced a bad debt situation, a bill he could not pay, a payroll he missed, a vender who shut him off, an occasional collection issue, a failed business and on it goes. We all want to expand faster then our resources and experiences will support, we all make mistakes, thus we all get in trouble one time or another.
With much experience I have developed my additional skill, designing and implementing successful workouts, providing a second chance for the entrepreneur, to climb out from under the crushing weight that uncontrolled debt can become over time and which prevents forward motion and challenges the very existence of your business.
Be it the IRS, your bank, a secured or unsecured creditor, it makes no difference, there are effective workout plans and strategies we can implement that will correct the situation…painlessly and completely, and I do not believe in bankruptcy.
Be it a desire to start up a new business the right way, or elevate revenue to the next level, or to rid yourself of the crushing effects of out of control debt, call me i can help.
My cell number is 413-687-8388.
March 23, 2008 at 01:32 p03
Hi,
May 07′I sold my company and I carried around 30% ( 450,000.00 )on the backside. As of Jan. he has drove the company 430,000.00 into debt.
If he defaults on the SBA loan( 650,000.00 ), and they auction the assets, can I use my personal guarantee as cash
so to speak at auction to buy it back at a discount? So I do not have to get a loan from the bank or SBA to keep the company operating.
I do not wish to have all the guys in the shop or installers looking for new jobs since they have been with me almost 8yrs.
Hope you can help?
March 24, 2008 at 01:32 p03
I believe what you are saying is you are holding 30% of the debt, or purchase price as second paper and are now asking that if the new buyer defaults what are your options?
You cannot use your second position as anything other then debt you will owe. My next question is was the debt reduced by the purchase price when sold and the obligation transferred to the buyer? If not you may be in for a lot larger problem then the 30%
Call me lets discuss.
dt
413-687-8388