INSTANT CLARITY AND PEACE OF MIND.
Getting out of debt can be a stressful, time-consuming and expensive undertaking that leaves you feeling powerless and forced forced to agree to unmanageable terms. When words like ‘company insolvency’, ‘liquidation’, ‘bankruptcy’ or‘legal action’ are used, you’re likely to be concerned about the future of your business, as well as the good name you’ve made for yourself during your career.
At My Business Path, we're dedicated to providing immediate solutions. We aim to relieve stress in the short term and get you and your business back on track as quickly and painlessly as possible, protecting your assets in the long-term.
Specialising in liquidation, voluntary administration and business finances, My Business Path is committed to helping you and your business. Where neither of these are an option, we can also help you with our corporate restructure services where, we aim to rebuild your business and protect your financial future.
FIND OUT HOW MY BUSINESS PATH HELPED THIS INDOOR PLANT SPECIALIST GET BACK ON TRACK.
Over three years our client ran up a debt of over $300,000. The business was still growing but poor business structure represented a major risk to the company, staff and assets and with most clients paying on or after 30 days, the business was chasing over $100,000 worth of outstanding invoices leaving them with inconsistent cash flow.
We started work immediately fixing the cash flow. Next, we created a structure for the business which protected its existing assets against future debt. Finally, we helped them face and overcome the most crushing threat to their business - debt.
See the full case study and get your free download '3 things to implement right NOW to protect your business'.
WE'LL HELP YOU WORK OUT WHERE TO START.
Between the stress, frustration and lack of sleep, it may seem like an extraordinary task to pick up the pieces and get your business' finances back on track.
Whilst prevention is always better than a cure, getting your business back on track can be as simple as taking these three steps to secure your business’ financial future:
1. Identify the cause
It may be inconsistent cashflow, poor company structure, or crippling debts but, in order to find a solution, we must first identify the problem.
2. Improve cash flow
The sooner funds are available to continue operating the business in a sustainable way, the sooner you are able to start paying off creditors.
3. Reduce debt
Once the problem has been addressed and the cashflow is consistent, you can start to reduce the amount of debt in your business and get back on track.
With increasing pressure from your business partners, employees and even your family, it's often hard to determine the most effective long-term and short-term course of action for your business. In fact, difficult decisions are often made without forward-planning, as the pressure and the expenses of mounting debt may force your hand.
At My Business Path, we've put together an expert panel of professional services to assist directors, creditors and individuals like yourself, to explore your options. From corporate restructure, to company insolvency, we create a personally tailored solution and strategy to rapidly respond to financial crises. The earlier you put these strategies in place, the more rapidly you’ll be in control of your finances and the more effective the outcome will be for you and your business.
Here’s what our clients say about us
“The team, especially Andrew (who I call my guardian Andrew), constantly reassured me and I felt we were in safe hands. He never sugar coated anything, told me the best and worst outcomes and was completely honest. Thanks to Andrew we are part of the 30% of businesses that come out of an Administration with a business.”
Jill HackettHackett's Discount Tyres
“My Business Path was a really excellent source of advice and guidance when our startup was going under. It was really disappointing to find ourselves looking at closing our doors when we’d only just gotten started, but the team at My Business Path got us back on our feet, restructured in a way that has set us up for success. Incredible, long-lasting partnership – couldn’t have done it without them and they’re definitely on the speed dial for any rocky times ahead!”
Start taking steps to take back control today with a free consultation.
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LEARN MORE ABOUT HOW WE'VE HELPED REAL BUSINESSES JUST LIKE YOURS TAKE BACK CONTROL.
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