I heard on the radio the other day that the stock market hasn’t seen such gloomy times since The Great Depression. If that’s not enough to make small business owners shake in their boots, well, I don’t know what is. If there are any small business owners out there not just a little bit worried in today’s tough economic times, I think they’re residents of La La Land. I heard about a free, yes FREE, resource out there that is specifically designed to help you. Developed by SCORE “Counselors to America’s Small Business,” and Corporate Turnaround, it’s a 16-page workbook, How to Pay Business Debts You Can’t Afford. This resource is to help small businesses survive when facing economic and financial challenges. The guide covers some of the most crucial parts of settling commercial debts, including: - How to determine a monthly budget to pay past due debts
- How to create settlement offers with real-world information
- How to write settlement letters using fill-in-the-blank templates
- How to negotiate affordable settlements with the toughest creditors
- How to stretch out settlements over time
How to Pay Business Debts You Can’t Afford is free and available as a PDF download on SCORE’s home page at www.score.org. SCORE CEO Kan Yancey says, “SCORE mentors can help small businesses with a variety of financial issues, including loans, cash flow, accounting, taxes and cost reduction.” Yancey adds, “This new workbook will help give small business owners the tools they need to satisfy their creditors.” “The easy-to-understand strategies in this guide have helped settle more than 25,000 business debts,” says Jerry Silberman, CEO of Corporate Turnaround and co-author of Small Business Survival Book: 12 Surefire Ways for Your Business to Survive and Thrive. Silberman adds, “SCORE clients will learn how to explain their hardship directly to their creditors and gain the best possible settlements.” If you find yourself needing help with your small business financial health, then a free resource is always a welcome one. That, along with a winning lottery ticket! | 
