Blogs about: Solving Difficult Business Problems

Do you need a lawyer for an SBA workout?5 comments

Donald Todrin wrote 1 month ago: No, unless the lawyer is experienced in handling SBA workouts, then you are hiring him for the right … more »

Tags: business workouts, debt workouts, Asset Protection, Lawyer, Lender, SBA workout, SBA requirements, SBA guaranty, Bankers opinion

Exit strategy, have one!

Donald Todrin wrote 1 month ago: The first moment you should be considering your exit strategy is when you are writing your business … more »

Tags: Business Development, Start Ups, Return on Investment, Training program, Business Plan, Real Estate, exit strategy, sale to your children, sell to employees

Find a market niche, exploit it and it becomes your competitive advantage.

Donald Todrin wrote 1 month ago: Here is a perfect example. I have a client who performs powder coating on metal…heat baked pai … more »

Tags: Business Development, business turnarounds, Start Ups, building profitable business orgs., Competitive advantage, niche, Price competition, specialty, specialization

Seven steps to successfully handle complaints.

Donald Todrin wrote 1 month ago: I recently visited a client and while passing through the warehouse to get to the office, I happened … more »

Tags: Business Development, Start Ups, building profitable business orgs., train, Customer Service, accept responsibility, how to deal with a complaint, Good Advice, positive experience

Sales people cannot be allowed to manage themselves. They must be managed.

Donald Todrin wrote 1 month ago: Sales people are a special breed of people. They have a very difficult and important job to do and t … more »

Tags: Business Development, building profitable business orgs., new business, Track, Bad Credit, train, Monitor and Control, Babysitting, sales people

Promote from within and train them to do the job.

Donald Todrin wrote 1 month ago: Lets face facts, most jobs can be taught to anyone with a solid work ethic, a willingness to learn a … more »

Tags: Business Development, Start Ups, building profitable business orgs., Career Path, Work Ethic, loyalty, train, responsible, promote from within

Tell the truth, the whole truth, nothing but the truth....it works.

Donald Todrin wrote 2 months ago: We have already discussed in other blog entry’s the requirements for living by ones own  stan … more »

Tags: Business Development, Start Ups, building profitable business orgs., Standards, Add new tag, tell the truth, Keep Your Word, Honest, mistrust

Striving for excellence or perfection, which is the right goal?1 comment

Donald Todrin wrote 2 months ago: I have known entrepreneurs, who are skilled craftsmen, excellent service providers and are simply co … more »

Tags: building profitable business orgs., Business Development, 95% is good enough, Accepting, achieving perfection, confident, controlled, Doubt, Future

In times of drastic change, opportunity abounds...for those who see it.1 comment

Donald Todrin wrote 2 months ago: As the economy and its various commercial market places correct themselves, adjusting for the unpr … more »

Tags: Business Development, business turnarounds, Start Ups, building profitable business orgs., What Works, What doesn't work, Competitive advantage, change, market corrects itself

My lifelong addiction to my best organizational support system...a blank book and my "man purse"2 comments

Donald Todrin wrote 2 months ago: Yes, I am one of those men who carry a bag with me most everywhere I go. I admit it, some call it a … more »

Tags: Business Development, Start Ups, building profitable business orgs., Organization, business / organization, support system, blank book, Bag, purse

In a workout situation, if Plan A fails, Plan B is better.

Donald Todrin wrote 2 months ago: It happens all the time. In a tough workout situation, the business owner does not want to confront … more »

Tags: business workouts, debt workouts, Asset Protection, Upside Down?, anything can be worked out, workout plans sometimes fail, Fear, intimidation, property taken

IRS Offer in compromise or a payment program, choose your poison, but not both.

Donald Todrin wrote 2 months ago: If you have defaulted on your 941 payroll tax payments and have built up a debt and are now dealing … more »

Tags: business workouts, tax issue resolution, offer in compromise, I.R.S., 433a, 433b, responsible party, Defaulted 941 payroll taxes, financial documentation

If your business has tax liens...can you sell it or its assets to immediate family members?

Donald Todrin wrote 2 months ago: The IRS code says that transfers between immediate family members is deemed fraudulent on its face. … more »

Tags: Asset Protection, business workouts, tax issue resolution, appraised assets, authorized check signer, business interruption, deemed fraudulent, fair market value, Immediate Family

No means yes...just not now. How many rejections until a sale is made?

Donald Todrin wrote 3 months ago: I have stated in other blog entry’s that in business “no” means “yes”, … more »

Tags: building profitable business orgs., Business Development, business turnarounds, Start Ups, 8 rejections before a yes, ask for the sale, close immediately, creating relationships, eventual yes

Negotiating a reasonable workout with the lawyers suing my clients, alot better then litigating.

Donald Todrin wrote 3 months ago: My clients were served with a law suit demanding payment of approximately $650,000. They were clearl … more »

Tags: business workouts, Lawyers, Negotiation, negotiating a workout, negotiating a workout after being sued, best interest of everyone, expensive victory, fruitless victory, anything can be worked out

What ever happened to personal standards and how does this affect your business?

Donald Todrin wrote 3 months ago: What ever happened to our personal standards, you know the value of our word, for example? It seems … more »

Tags: building profitable business orgs., Business Development, business turnarounds, business workouts, debt workouts, Start Ups, Being late, breach of commitment, breach of ones word

Workouts are a moving target. Be flexible and realistic, affordable losses is the goal..

Donald Todrin wrote 3 months ago: Workouts are part science, part art form, and very unpredictable. Please remember a person entering … more »

Tags: business workouts, afford and control losses, affordable, affordable loses, be flexible, be represented, beat the creditor, changing the deaL, compromise

If your business is not making you money, its not worth saving...Kill it.

Donald Todrin wrote 3 months ago: Perhaps the greatest waste of assets, and time, and the cause of way to much personal sacrifice and … more »

Tags: Business Development, business turnarounds, Asset Protection, building profitable business orgs., Default, commitment, failing business, I will not give up, ego driven decisions

Alter Ego companies, fraudulent transfers... this will not work when hiding assets from the IRS or bank.2 comments

Donald Todrin wrote 3 months ago: Business owners will do much to protect themselves and their assets when in trouble. Sometimes its n … more »

Tags: Asset Protection, Business Development, business workouts, Alter ego companies, Business Strategy, fair market value, fraudulant transfer, hiding assets, legitimate business purpose


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