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The need for new business planning tools is rarely a high priority for a company that is not experiencing one or more substantial problems. However even for the most healthy business, contingency plans are advisable.-EFS Euro Finanz Service Vermittlungs AG
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BUSINESS FINANCE CONSULTING EFSEUROFINANZSERVICE VERMITTLUNGSAG EFS Euro Finanz Service Vermittlungs AG
STRATEGIESFORCOST CONTROL Variousstrategiesforcostcontrolwillbe helpfulformostsmallbusinessestryingto copewithreducedsalesvolume. Business planningandconsultingarelikelytobe amongthemosteffectivealternativesto helpsmallbusinessownersdealwith recentdistressedfinancialconditions.
BUSINESSPLANNING Theneedfornewbusinessplanning BUSINESSPLANNING toolsisrarelyahighpriorityfora companythatisnotexperiencing oneormoresubstantialproblems. Howeverevenforthemosthealthy business, contingencyplansare advisable.
Thevalueofcontingencyplanningforbusiness financingissharplyillustratedbyrecent examplesofbankssuddenlyeliminating commercialloanprogramswithlittleorno advancenotice.Levelofchaosthatcurrently prevailsthroughoutcommercialbanking unfortunatelymeansthatchangescancontinue tooccurwithlittlewarning. CONTINGENCYPLANNING
BUSINESSCONSULTING BUSINESSCONSULTING Businessconsultingwilloftennotbethoroughly consideredbysmallbusinessesbecauseofthepotential cost. Aswithanyanyothercorporateservice, costs cannotbeignored. Thisisparticularlytrueinthecurrent economicenvironmentbecauseveryfewbusinesseshave substantialdiscretionaryfundstocovernewbusiness expenses. Neverthelessitwillsometimesbenecessaryto spendsomemoneyinordertoeithermakemoneyor reducecosts.
MANAGEMENTTOOLS Thegrowingneedforbusinessconsulting andmanagementtoolsissupportedbythe disturbingnumberofchangeswhichhave occurredthroughoutthebusinessworld recently. Toadequatelyaddressmanyofthe complicatedchangesimpactingsmall businessloansandworkingcapitalfinancing, mostbusinessownerswillnothaveenough technicalskillsorinformation.
COMMERCIALFINANCE SERVICES, COMMERCIALFINANCESERVICES, Manybankshaveimposedsignificantfee increasesfortheircommercialfinance services, andfindingeffective (andless costly) alternativebusinessfunding serviceswillprovedifficultforeventhe mostskilledborrower. Whilethereare someviablebusinessfinanceoptionsto replacetraditionalbankfinancing, these alternativescanseemconfusingsimply becausetheyarenewanddifferent approaches.
GROWINGCHALLENGE Thecurrentdifficultiesforsmall businessownersareagrowing challenge. Similarcircumstanceshave GROWINGCHALLENGE notbeenseenduringthepastfiftyor moreyearsformostbusinesses. Asa result, evenahighlyexperienced businessownerislikelytobemissing enoughdirectexperiencetomakeit throughthemazeofcurrentchanges andproblemswithoutatleastsome outsidehelp.
PLANNINGTOOLS Itislikelythatthemosteffective (and realistic) businessplanningtoolswill actuallybeacombinationofseveral approachesundertakenwithacoordinated effort. Asnotedabove, complicated problemswillusuallyrequirecomplex solutions.
THISWILLOFTENTRANSLATETOASERIES OFBUSINESSMANAGEMENTAND PLANNINGMANEUVERSTHATCANTAKEA NUMBEROFMONTHSOREVENSEVERAL YEARSTOCOMPLETE. SMALLBUSINESS OWNERSSHOULDGENERALLYAVOIDANY BUSINESSCONSULTINGEXPERTTHAT PORTRAYSTHEPROBLEM-SOLVING PROCESSASQUICKANDEASY.
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