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Featured Business Articles

Four Reasons Why Small Businesses Succeed (or Fail)
The American system of business management has been admired and emulated around the world. This system is characteristic of two traits in the American psyche: (1) enthusiasm for the future and making things better, and (2) an openness and willingness to ...

How to find the best business opportunity for you
In life, you make your own luck: and when you're looking for the best business opportunity for your particular situation, the same thing holds true. If the ideal business opportunity doesn't just fall straight into your lap (and let's face it, it probably ...

Selecting A Broker To Sell Your Business - 12 Quick Tips!
1. Know up front what your expectations are in a business broker who will be selling your business. Make sure you discuss and convey those expectations to the business broker you select. Direct and open communications about expectations and other issues ...




Innovative Form of Business Debt Management Saves Thousands
 
As any business owner knows, being sued can be a stressful, time- consuming, and expensive experience. In fact, it can be absolutely devastating for a business, leading to financial ruin and even bankruptcy.

Add to that the public's knowledge of your company having to defend itself in court, and a lawsuit can also have a highly detrimental effect on the attitude of your suppliers, bankers, associates and employees. Such damage to your company's reputation can hurt every aspect of your business, right down to your bottom line.

Fortunately, there is a sensible, effective, and money-saving business debt management approach to resolving tough legal situations out of court. What I'm talking about here is mitigation; having a third party come in and help find a peaceful, fair, and much lower cost resolution. When a vendor or supplier doesn't keep their promises, resulting in a volatile, non-communicative struggle between companies, what you need is someone to fight your battles for you, saving you long court battles and thousands in legal fees.

Not convinced that third-party resolution will work? It does. In fact, this civil negotiation typically reduces the business' amount owed by an average of 30% to 70%. Considering that the average attorney's fees can run anywhere from $10,000 to $100,000 or more, that's a considerable amount of money.

Time is very important element in these situations. The sooner you enter negotiations, the greater the opportunity for a more favorable settlement on your behalf.

The duty of a third-party business debt management specialist is to complete an out-of-court settlement that meets your satisfaction. Many of these firms charge no by-the-hour fees, and no fees for administrative costs. Plus, in the unlikely event that no satisfactory settlement is reached out of court, many firms will charge you nothing.

What's more, these people are not lawyers. They are seasoned professionals trained with strategies to save you time and money. A business debt management specialist can save your business tens of thousands, and save countless man hours.

If your company becomes involved in a legal struggle, you really have nothing to lose and everything to gain by using a civil negotiator to obtain a reasonable settlement.

About the author:

WeSolveDebt.com, is a third-party mitigation and Business Debt Management Company that has helped growing numbers of companies resolve legal issues out of court, saving countless hours and dollars. Receive a FREE SPECIAL REPORT or Free Business Consultation by visiting http://www.WeSolveDebt.com


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Sharp drop in small business loans (CNN Money)
The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.

Making the Leap in Business News (Washington Post)
NEW YORK -- When Liz Claman made the jump from local television to business news a decade ago, she had never heard of Warren Buffett.

Calendar of major business events for Tuesday (AP via Yahoo! Finance)
Major business events and economic events scheduled for Tuesday: WASHINGTON -- Commerce Department releases factory orders for November, 10 a.m.

U.S. Steel Exiting Drawn-over-mandrel Tubular Business (Fox News)
U.S. Steel Exiting Drawn-over-mandrel Tubular Business

Business confidence at record lows: ACCI (Sydney Morning Herald)
Business confidence is at record lows as the global financial crisis deals a blow to sales and profitability, a new survey shows.