40% of Canadians believe that financial stress causes various problems in their lives. 48% of Canadians suffer from sleep loss due to financial stress. 36% of Canadians experience mental health issues due to financial concerns. 16% of Canadians have relationship concerns, thanks to money-related problems.

1. ALLEVIATE FINANCIAL
STRESS – STRATEGIES
FOR BUSINESS OWNERS

2. About us
 We at Credit 720 work for you in a similar way just as your Tax Consultant or
Accountant. You hire our expert advice in debt negotiations as we help
protecting your assets and safeguarding your rights as our esteemed client.
 Our goal and aim is to protect your best self-interest and not the creditors, the
advice that we offer will make sure you are represented and treated fairly
regardless of your current financial situation with respect and dignity
throughout the negotiation process of a Consumer Proposal or a Bankruptcy
until you receive your final discharge or a Certificate of full performance and
ultimately help you preserve a good credit rating which is our ultimate GOAL at
Credit 720.

3. Alleviate Financial Stress- Strategies For
Business Owners
• 40% of Canadians believe that financial stress causes
various problems in their lives.
• 48% of Canadians suffer from sleep loss due to financial
stress.
• 36% of Canadians experience mental health issues due
to financial concerns.
• 16% of Canadians have relationship concerns, thanks to
money-related problems.

4. Alleviate Financial Stress- Strategies For
Business Owners
 However, various financial factors are contributing to financial stress among
Canadians, and some of the main issues are:
1. 35% of issues of on-time bill payments.
2. 35% of issues are regarding retirement savings.
3. 32% of issues belong to expenses.
4. 22% of issues arise due to job and income insecurity.
5. 29% of issues emerged from the debt.

5. Strategies for Business Owners to Alleviate Financial
Stress Vancouver/Surrey Canada
As a business owner in Vancouver or Surrey in Canada, you can follow the
following strategies to deal effectively with financial stress in your business.
 Have a Budget or Financial Planning:
• Monitor cash flow and expenses in your business.
• Recognize areas where you can improve your cash flow.
• Identify areas where you can cut unnecessary expenses.
• Set realistic financial short-term & long-term goals in your business.
• Take professional help to do financial planning for short-term and long-term
goals.

6. Strategies for Business Owners to Alleviate Financial
Stress Vancouver/Surrey Canada
 Enhance Cash Flow:
• Implement effective invoice practices.
• Offer incentives on early payment.
• Negotiate favorable payment terms.
• Impose penalties on overdue payments.
 Diversify Customer Base:
• Sticking with a particular customer base is risky.
• Explore new markets.
• Target various demographics.
• Offer additional products and services to woo more customers to your
business.

7. Strategies for Business Owners to Alleviate Financial
Stress Vancouver/Surrey Canada
 Bring Constant Improvements:
• Time-to-time review your expenses.
• Regularly negotiate with old contracts for their terms & conditions.
• Negotiate with suppliers and service providers to implement better terms and
services.
• Offer alternative pricing plans.
• Provide bulk discounts or incentives.
• Consider outsourcing non-core functions.

8. Strategies for Business Owners to Alleviate Financial
Stress Vancouver/Surrey Canada
 Explore Government Support Programs:
• Recently, the Canadian government passed a bill of two trillion CAD to rescue
weak businesses & industries. So, explore the aid options if available for your
business niche. Find options to differ in loan payments under the CARES Act to
somewhat cut your financial burdens.
 Leverage Debt Negotiations Surrey Services:
• Debt is the leading cause of most financial stress. Therefore, take the help of
professionals-like Debt Consolidation BC to leverage their debt negotiations
Surrey services to alleviate your business from the additional burdens of high-
interest rates.

9. Strategies for Business Owners to Alleviate Financial
Stress Vancouver/Surrey Canada
 Invest in Marketing & Customer Retention:
• Push better marketing strategies to acquire new customers.
• Plan the marketing strategies to increase customer retention.
• Apply digital marketing strategies and techniques.
• Build strong customer relationships.
 Take Bad Credit Help Surrey:
• Bad credit in the market can spoil the future of your business and upcoming
opportunities for steady growth. You need to control your debt by using
professional financial advisors’ help in DebtConsolidationBC.

10. Strategies for Business Owners to Alleviate Financial
Stress Vancouver/Surrey Canada
 Adapt to Market Changes:
• Push Keep a close watch on your industry trends.
• Stay informed on various economic developments in the industry.
• Learn about changing customer behavior in your market.
• Being proactive and agile in responding to market changes.

11. Contact Us
Surrey
Unit 456, 2153 Central City
10153 King George Blvd
Surrey, BC, Canada V3T 2W1
(Inside Central City Mall, across Burger
King)
Telephone:
(778) 800-9957
Fax:
(780) 666-9721
Email:
info@credit720.ca
Website:
www.debtconsolidationbc.com