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Business strategy
How to optimise business debt management
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[QUOTE="Leah Kelvin, post: 343943, member: 106815"] To optimize business debt management, it is crucial to efficiently manage and use debt in order to ensure growth and stability. This can be done by minimizing the risks and costs. For example, understanding of debts obligations, assessment of a firm’s borrowing capacity, ranking of high interest bearing loan among other strategies. Other methods include debt consolidation, negotiation with lenders, using credit accordingly, maintaining good credit rating and sourcing for finances from different parts of the economy through diversification. It also involves closely watching debt levels as well as seeking expert opinion on this matter which might help a company improve its financial performance as well as prepare it for future growth. [/QUOTE]
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