Limited Enrolment Program Announced Targeting Small Business Debt Management
A program designed to strategize with entrepreneurs to overcome their financial stress is now taking applicants.
Toronto, Canada, June 30, 2012 --(PR.com)-- Larry Pomfret of EndMyDebt.ca announces the launch of a program targeted to small business owners, designed to manage existing debt issues while charting a sound management plan for the future.
“I’ve seen a marked increase in the number of small businesses that are mismanaging their company’s debt. The result is the failure of amazing business concepts that some sound debt management could have avoided,” Pomfret says.
Business failure statistics show that about 96 percent of small businesses (1-99 employees) entering the marketplace survive for one full year, 85 percent survive for three years and 70 percent survive for five years (Industry Canada, Key Small Business Statistics – January 2010). According to Statistics Canada, most businesses fail because of weak general management, weak financial management, or weak marketing capabilities (Failing Concerns: Business Bankruptcy in Canada, 1997).
A February 2012 study from BMO Bank of Montreal indicated that while the majority of Canadians (76 percent) have interest in entrepreneurship, 52 percent of those surveyed noted that access to capital is the most noteworthy barrier to getting started. This makes managing the available capital of extreme importance to the success of small business.
Pomfret leverages his 20+ years of diverse corporate leadership experience and knowledge of the debt industry in developing a program specifically aimed at small business debt management and providing strategies that can be implemented, regardless of the point in the business cycle.
Due to the intensive nature of this program, only a limited number of applicants will be accepted in this first offering.
Larry Pomfret can be reached directly via email LPomfret@endmydebt.ca or by telephone at: 1-855-332-8371.
“I’ve seen a marked increase in the number of small businesses that are mismanaging their company’s debt. The result is the failure of amazing business concepts that some sound debt management could have avoided,” Pomfret says.
Business failure statistics show that about 96 percent of small businesses (1-99 employees) entering the marketplace survive for one full year, 85 percent survive for three years and 70 percent survive for five years (Industry Canada, Key Small Business Statistics – January 2010). According to Statistics Canada, most businesses fail because of weak general management, weak financial management, or weak marketing capabilities (Failing Concerns: Business Bankruptcy in Canada, 1997).
A February 2012 study from BMO Bank of Montreal indicated that while the majority of Canadians (76 percent) have interest in entrepreneurship, 52 percent of those surveyed noted that access to capital is the most noteworthy barrier to getting started. This makes managing the available capital of extreme importance to the success of small business.
Pomfret leverages his 20+ years of diverse corporate leadership experience and knowledge of the debt industry in developing a program specifically aimed at small business debt management and providing strategies that can be implemented, regardless of the point in the business cycle.
Due to the intensive nature of this program, only a limited number of applicants will be accepted in this first offering.
Larry Pomfret can be reached directly via email LPomfret@endmydebt.ca or by telephone at: 1-855-332-8371.
Contact
EndMyDebt.ca
Larry Pomfret
1-855-332-8371
www.endmydebt.ca/
Larry Pomfret
1-855-332-8371
www.endmydebt.ca/
Contact
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