Today Brent Norling from Norling Law and Damien Grant from Waterstone Insolvency join Glenn Marvin from Konnector on his daily web-series.
In this video, we discuss prevention techniques to avoid getting into trouble in the wake of covid-19 and give insight into what business owners can do to protect their businesses in times of crisis.
Some topics we cover off include;
How to reduce or suspend the payment of your commercial lease;
Dealing with the IRD including obtaining write-offs of penalties and payment arrangements;
Entering into payment arrangements or compromises with creditors;
How to reduce staff costs; and
When to liquidate your business and steps to take.
For many, the main priority is to hibernate your business so when this unprecedented time is over, you can relaunch your business and not just survive. To thrive.
So start here, get our guide for business owners to hibernate during turbulent times.
Get your copy of the business hibernation book here:
