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Survive credit crisis
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credit risk solutions, credit counseling, credit loan, banking crisis, debt crisis, interest rates, credit debt, crisis management, risk management software, credit consolidation, currency crisis, financial crisis, credit risk
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Asset Management
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About "Survive credit crisis" topic:
Most newspapers have written extensively about the financial crises of major corporations in the US. Does that matter to you? If you look from a micro perspective, your situation isn’t that different from these global honchos. On one hand, the overall costs are increasing thanks to the spiralling inflation. On the other, there is a question mark on the job front with some layoffs, paltry hikes or even slowing down of recruitments. In short, it is better you exercise some prudence with your finances, otherwise you may be helplessly staring at your financial meltdown. Here we will discuss on how to survive Credit Crisis ?
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on topic: "Survive credit crisis"
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Stay Liquid: In down times cash is king. Review credit policies for customers and take credit from suppliers. Increase cash discounts for customers if required. Enhance customer relationships: One to one close relationship with customers is a must. Build relationship with all customers including small customers which you may not have got enough attention during economic boom. Listen to customers, know their situation and accept their demands and complaints wherever possible. Build up their confidence level. Don’t sack employees instead try to build up their confidence level. Sacking employees lowers motivation level of employees and creates an atmosphere of fear and mistrust which is ...
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Gopakumar Menon
| Commented
| 3 years ago
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1.Shifting to cash sales from credit sales, eventhough with discounts, will help to reduce the working capital, under the current circumstances, no bank,country is secure, so its better to have money in hand than relying on customers/banks...
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Insight: "Survival Tactics" deleted from your view.
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Let us in India go back to "Basics to Lending"
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Prioritize debts & Save !!!
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ASOKE KUSARI
| Added idea
"Let us in India go back to "Basics to Lending""
| 3 years ago
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Let us in India open the good old books on Lending and educate the consumers what is the basics :- - You must bring with you the "margin" to avail a loan. - The margin should be from your own source. Wait till you are in a position to do so. -...
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Kausik Panda
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"Prioritize debts & Save !!!"
| 3 years ago
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The present economic situation is difficult to assess for anyone. No-one can be quite sure what will happen, but it is important to be realistic and form a plan to survive these trying times. So it would be better to stop funding a luxurious...
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Ideate: "How to financially survive credit crisis?" deleted from your view.
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Answer: "Whether Carbon Credit Market Will Survive" deleted from your view.
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The global leaders of G20 gave a stimulus package of $1.1 trillion for the world. Can it solve the problem ? Stimulus package are the part or perception game that Government plays to raise the market sentiments . Government needs help , because there regulation where the part of the problem earlier. Now there perception block adds to it . A real help can be done by an entreprenuer because they where always the part of the solution. Rather then hitting a perception block , they always changes the perception . They made there money , with just a different way of looking things. http://joydipchakladar.blogspot.com/2009/04/braving-downturn-are-lessons-from-gita.html
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Padmanabhan R
| Commented
| 2 years ago
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Sir, You have removed the article, I would like to give it a read Can you please mail me your article Whether you believe in lord Krishna or not, one thing is beyond any doubt – he was a real strategist. Unfortunately I have n’t yet read the gita...
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Insight: "Braving the downturn : Are lessons from Gita the real stimulus ?" deleted from your view.
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Risk Reviews
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Liquidity Needs
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Sudeep Tarafdar
| Added idea
"Risk Reviews"
| 3 years ago
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I could say giving the daily flood of reported events and commentary regarding the current credit crunch, the capital markets meltdown, the slowing economy and the adverse effects in general on financial and other businesses, boards and...
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Jitena Kumar Rawat
| Added idea
"Liquidity Needs"
| 3 years ago
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My idea is few industry sectors would seem to be safe from pressure on their businesses resulting from the current troubled environment. Each sector and each company is different, and there is no “one size fits all” approach to identifying and...
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Ideate: "How to Manage business in this crisis troubled Environment?" deleted from your view.
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Opportunities in Finance
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Green Collars in the Green
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SR Sham Sunder
| Added idea
"Public Sector companies with surplus manufacturing capacity"
| 3 years ago
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Look for a young Union Minister - there will be many in next ministry. Public sector units that come under their ministries will see growth. There will be management overhaul in these companies with emphasis on performance. The current share...
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Radhakrishna Marar
| Supported idea
"Opportunities in Finance "
| 3 years ago
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I agree that finance is one sector which will not be that impacted by recession. Accounting firms are being called upon to help re-define risk management structures, achieve better cash management, sell assets, optimize costs, restructure debt,...
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Ajay Kashyap
| Supported idea
"Opportunities in Finance "
| 3 years ago
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As the tax code gets more complicated, and more companies strive for transparency, good accountants have become invaluable. And financial planners are in high demand since the market has fallen and many people have sought to adjust their...
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Ideate: "Sectors That Can Survive a Recession" deleted from your view.
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Make Money Before Spending
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Paying CASH
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kawaljit kaur
| Added idea
"restore basic industry of an economy"
| 2 years ago
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the best way to protect from contagious effect of crisis an economy strengthen the industry(or inclusive growth factors) upon which huge chunk population relies for earnings .in case of india,credit purchase normally(or major part of it) happens...
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Rajat Das
| Added idea
"Spend Less"
| 3 years ago
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Go back to the old days people, take a lesson from your parents or grandparents who made very little money but lived very well didn't they!! Spend less than you make, Keep expenses down to a level below what you bring home in your salary after...
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Ideate: "How To Protect Yourself In An Economic Crisis??" deleted from your view.
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LEGAL ENVIRONMENT SHAPES THE MARKET AND NOT VICE VERSA:
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Staying in Business
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bharat
| Supported idea
"LEGAL ENVIRONMENT SHAPES THE MARKET AND NOT VICE VERSA:"
| 1 year ago
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yes taht is write many politition are lawyer but after joint politic they forget law and india
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Sunil Thacker
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"."
| 1 year ago
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Personally, I think Indian law firms are far off from the 'market turbulence' compared to several other jurisdictions such as Germany, Spain and many others. In the Indian context, firms may however need to refine and/or demonstrate client...
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Ideate: "How law firms can survive the market turbulence??" deleted from your view.
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Disposal of inactive assets
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Budget and control cash flow.
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Shashi Kumar U
| Added idea
"Budget and control cash flow."
| 1 year ago
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Proper budgeting of all the out flow and inflow of cash is a must to ensure correct control.After budgeting inflow should be allotted to expenses according to the urgency and importance.always make one collect the dues in time
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Mathew Cherian
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"Maintain payroll cash at the begining of the month"
| 2 years ago
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A company small or big should have a Cashflow plan for the whole financial year on monthly basis. So the payroll requirement must be either maintained as cash or as accounts payable which need be financed. This is the most ethical process when it...
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Ideate: "How to survive cash flow crisis ?" deleted from your view.
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My dad and I were talking about his recent financial turnaround, and one of the things he said was that he loves being free of debt. My dad doesn’t have the best of credit, and he isn’t wealthy. He has a decent income, an old car that seems to run fine and doesn’t belong to a bank, no personal loans or mortgage (he rents), no credit card debt. Being free of the burden of debt is liberating, he says. Of course, with his credit history, he can’t get a car loan on his own, or a mortgage, so life isn’t perfect. But I advised him: forget about borrowing money. Stay debt-free and frugal, and you can bank your income and live a credit-free life. That’s not the life for many people, of course, beca...
Insight: "10 Ideas for Living a Life Without Credit or Debt" deleted from your view.
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Recovery of its due has been a hectic exercise for the Banks in the absence of a special legislation. ‘Non-performing Assets’ were growing and a need was felt to reduce the ‘Non-performing Assets’ of the Banks drastically. As the recovery through Courts was a difficult exercise for the Banks, initially, a special legislation called ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’ was enacted creating a Special Tribunal called ‘Debt Recovery Tribunal’. Under the Act, the Banks are entitled to approach the Tribunal by filing an ‘Original Application’ which is similar to filing a suit in Civil Court proceedings. However, unlike the ‘Civil Court’ which is supposed to follow the ‘Civil Procedure Code’, a special and simple procedure has been prescribed under ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’. At the end of adjudication, the Tribunal is supposed to grant a certificate called ‘Recovery Certificate’ infavour of the Bank...
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