Leadership During Debt Crisis
Emerge180 offers a solution to a common problem
TAMPA, Fla., June 26, 2014 /PRNewswire-iReach/ -- "Every day a tale of out of control debt is exposed in thousands of businesses," says Emerge180 CEO Jonathan Field. A market decline or internal problems affect the ability to pay mortgages, employees, utilities and suppliers. At times like these the pressure on owners increases dramatically.
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Emerge180 helps negotiate debts, address lawsuits, deal with tax issues and resolve personal liabilities. The goal of their multifaceted approach is to return the company to a place of profitability and growth. In the same way declining health signals a need for medical help, so does an unhealthy financial condition point to the need for expert assistance.
Symptoms
- Are suppliers being paid later and later, or not at all?
- Have sales declined and costs increased?
- Is the staff tense, demoralized or leaving?
- Are specific issues in the economy continuing to negatively impact the company?
Leadership analysis
In Victor Frankl's book Man's Search For Meaning he writes, "Everything can be taken from a man or a woman but one thing: the last of human freedoms—to choose one's attitude in any given set of circumstances, to choose one's own way."
Consider making two important lists.
First, what drains you? It may seem an easy question. Anything. Everything. Not enough money to go around. A more careful evaluation may lead you to other factors. These may be staff issues, your health, relationships in and out of work that have needed more than you can supply. Be thorough. Then consider the second key question.
What energizes you? A good way to begin this list is to revisit the reasons you started or acquired your company in the beginning. Most people have greater aspirations than simply making money. While that is a valid driving factor, most entrepreneurs have vision to create, improve, or in some other way positively impact the world they live in. So your original goal is a good place to start. Why did you begin this?
Go back to the core reasons for all your years of investment in this company. If you have a business or personal vision statement, reevaluate it. While you are not your business, your personal imprint is on it. Recapture your dreams and look for a way to bring them back. Your attitude will filter to your employees and outlook is a key to turnaround.
Sometimes an outside professional is necessary to reignite your dreams, your business. A visionary leader knows when it's time to seek help.
About Emerge180
Emerge180, a national firm based in Tampa, Florida, has been helping businesses avoid financial disaster since 1993. As experts in creditor negotiations and tax resolution services, Emerge180 helps businesses work through financial crises, and creates plans that re-position their clients for success. An A+ Accredited Business with the BBB, Emerge180 has facilitated the financial turnaround of thousands of companies…and, in so doing, the preservation of tens of thousands of jobs.
Media Contact: Media Relations, Emerge180, 1-800-805-1138, [email protected]
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SOURCE Emerge180
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