| | JUNE 20208EXPERTS TALKBy Ananth R Bhedke, MD, Ahvana HotelsAnanth is a veteran in the hotel management consultancy industry, who is currently spearheading the end-to-end operations at Ahvana Hotels.Manage Corporate Debt & Enhance your Capital with the Right Credit CounsellorsMany people think debt manage-ment is a kind of loan, but it is not. On the contrary, it is a way to restructure the company's debts and start clearing them off instead of solely fund-ing interest. Debt Management is a com-prehensive way of maturing into a debt-free company. It is important to have a good credit score in today's date. Many organizations work hard to increase their credit score or reference grade. If your company has a genuine quotation score, then it is easy to apply for loans. Debt management is a system of debt concentra-tion programs, that are designed to assist companies to regain charge of their finances. In turn, they are also expected to decrease unsecured debts. These kinds of debts are not supported by any kind of collateral and include medical bills, credit cards and scholar loans. If you are having a line of credit or a term loan, these tips will help you intelligently handle your debt as you mount your company. Consult for valid interest rates with your moneylenders: There is the best tool which will help you negotiate in the right manner. Make your lender com-pete for the business. During a crisis, one that converts you from an applicant to the sales is going to earn you some business. Revise Your Marketing BudgetBefore you have planned to work on the business debt, you must be aware of your prevailing financial situa-tion. When you see that the monthly payments are fall-ing behind revisit the financial plan and try to arrange the unprecedented cash flow. If you want to seek ex-pert help, then your accountant might help you. With expert help, you can plan your credit easily. They will offer a mentor guide and online seminars. Ultimate-Ananth R BhedkeTHOUGHT LEADERSHIP
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