How Do Complex Organizations Regain Financial Health?

How Do Complex Organizations Regain Financial Health?

If expenses are flooding in, drowning your cash flow and your ability to pull your business back into healthy performance, then it’s time to rethink your strategy. Pivoting your strategy can be overwhelming when complex operational considerations complicate finding a path out of debt.


When discussing solutions involving complex business structures ...

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A Hobby or A Business – Second Wind Consultants

Are You Running a Hobby or a Business?

Hobbies are a source of enjoyment for most people – that’s why they pursue them. Whether it’s making fine furniture, sharing Aunt Sara’s famous apple pie or creating a blog with their writing skills, people are passionate about their hobby. Sometimes after the hobbyist crafts a table for a wedding gift or ...

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Why the Banker Can’t Always Be Your Friend

Why the Banker Can’t Always Be Your Friend

Having personal support when you’re building your business is important. Positive relationships boost your confidence and your creativity. Strong connections provide a healthy foundation for your long-term success.

You may have an honest, trusting relationship with your banker. But remember, the banker sitting behind the desk is acting as the ‘face’ of the bank. And the bank’s interests and your interests can diverge.

Second Wind Consultants

The Role of Banks
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The Cash Flow Crystal Ball – Your Pro Forma Statement

The Cash Flow Crystal Ball – Your Pro Forma Statement

These uncertain times add challenges to running your business. But you have a ‘crystal ball’ in your control to help manage your business future and position your company for profitability. It’s your cash flow pro forma.

As a business owner, you know cash flow for your company is like rainwater ...

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Six Bankruptcy Myths – Second Wind Consultants

6 Bankruptcy Myths That Can Cost You Everything:

Think bankruptcy will ease your debt burden? Think again.

1. “Bankruptcy offers me a clean slate.”

No. Here’s the truth: in Chapter 11 bankruptcy you still repay 100% of your debt over a period of five years, almost without exception. This means you get no actual debt reduction and your business credit gets destroyed nonetheless. Furthermore, things will get a lot worse if the plan falls ...

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SBA Default – New Threat to Your Personal Credit

Warning Bulletin: PRIORITY ALERT
Issued 03.20.2018

SBA default poses major new threat to your personal credit – Here’s what we know.

An ominous new threat.

In the last 30 days Second Wind Consultants has identified a dangerous policy shift confronting guarantors in SBA default.

The SBA, with no formal announcement, has taken an aggressive and threatening new stance against guarantors of defaulted loans.

We have identified an ominous pattern of activity and can now confirm that the SBA has begun reporting “Charged Off” SBA debt ...

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Debt Consolidation vs Debt Workout

Debt Consolidation vs. Debt Workout

When faced with unsupportable debt, small business owners look anywhere possible to obtain relief and save their business from financial disaster. They scour the internet for answers or speak with trusted advisors and most frequently get one of two answers: either pursue a debt consolidation or pursue a debt workout. Often these terms are used interchangeably, but they mean very different things. Both options can be useful tools, however, they can also be very dangerous ...

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When Creditors Attack Your Clients with 9-406 Notice

When Creditors Attack Your Clients

The Article 9 Section 406 Notice

Your cash flow could be frozen tomorrow, today, now, when an aggressive creditor serves your clients or customers with a demand letter pursuant to the Uniform Commercial Code (UCC) Article 9 Section 406 (“9-406 Notice”). Said creditor can and will assert in the 9-406 Notice that your receivables, your cash, is their rightful property and insist that all funds are redirected to them.

Seldom do business owners ...

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Succeed in Negotiating with the US Treasury Department

Negotiating with the US Treasury Department

How to Succeed

In the world of debt workout the Treasury is a little-known area that files go to die.

Lawyers, accountants, and many other professionals have told my clients that once a file reaches Treasury collection they have to file a bankruptcy because the loan cannot be settled.

That is completely inaccurate and frankly, bad advice to many guarantors. Though bankruptcy is a valid answer for many individuals with overwhelming debts, the ...

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MCA Default – Payment Plan Post-Default

MCA Default – Payment Plan Post-Default

With the dramatic surge in calls we have received related to troubled Merchant Cash Advance loans, it’s time to set the record straight on an issue that we frequently run into.

Upon defaulting on your daily payments owed to MCA creditors, you will most certainly encounter the aggressive, harassing collection techniques employed by the industry. Rude text messages sent to your cell phone, threats of criminal action, and the use of fake caller ...

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