About This Course:
Sooner or later some of your vendors or customers will have business challenges. Learning to work with financially stressed vendors and customers is key to the success of your company.
Many (but not all) of your vendors and customers with current problems will survive and thrive. You need to identify and help the survivors, because they will be loyal suppliers and customers in the future. At the same time, you must minimize your risk to those suppliers and customers who will not make it.
We will show you the key issues and some strategies and tactics to succeed in business with those in financial distress.
What You'll Learn:- Review Your Policies and Procedures
- Review Your Contract Documents
- Know Your Customer or Your Vendor
- What Are Your Alternatives?
- Uniform Commercial Code Remedies
- Other Collateral
- How Do You Keep Whatever You Got?
- Fraudulent Transfers
- "Deepening Insolvency" Concerns