Your financer not only needs to stay up to date on developments in your company; he or she can also be an excellent source of advice and contacts. What’s more, your financer may be able to extend additional financing for your future growth projects.

Riddhi Siddhi Multi Services is a pioneer financial consultant to provide a step solution for your entire project financing requirements and paving your path towards maintaining monetary relations for longer business perspectives.

One way to build a strong relationship is to be sure to provide financial statements and other required reports on time. It’s also a good idea to regularly touch base with your financer to keep him or her updated on your plans, and any challenges or opportunities you face.

Remember, your financer is an advocate for your business to his or her colleagues and superiors, who may have final authorization power over your account. You need to cultivate a trusted relationship with your financer so he or she will go to bat for you. Riddhi Siddhi Multi Services consultants’ team is equipped with experienced professionals dealing in financial on daily basis which can be helpful in nurturing your relations with your financer.

At least once a year, you should invite your financer to your place of business to see your operation first hand, meet your team and foster a clear understanding of the dynamics of your business.

Throughout your relationship, your guiding principle should be “no surprises!”

Riddhi Siddhi Multi Services will stand with you WHEN TROUBLE STRIKES

Financial difficulties can come from a variety of sources—the loss of a key customer, a major change in your market, fraud, fire or a natural disaster. Or perhaps your company has seen steadily deteriorating performance over several years. Look at your problem the way lenders do. Entrepreneurs are often so involved in day-to-day operations that they don’t recognize early warning signals that may be visible to a financer. Since financers must be vigilant to preserve the security of their loans, they will often be the first to see danger ahead.

Together the Riddhi Siddhi Multi Services team offers you customized Finance solutions . Financers know a business is in trouble when they see one or more of the following:

•arrears on source deductions- payroll deductions that should be remitted to the appropriate government departments end up being used as cash for general operating expenses

•arrears on property taxes

•undercapitalization

•your business doesn’t have enough capital to conduct normal operations or pay creditors

•maxed-out lines of credit and lack of other borrowing power

•frequent bank overdrafts

•inability to meet monthly carrying costs of term debt

•lack of up-to-date financial information — deteriorating trends in financial ratios

•difficulty raising capital

•conflicts within management

•continuing operating issues

•new and significant competition

•loss of a major customer or a high concentration of sales among a few customers

•continued failure to meet sales or profit margin objectives

•rapid expansion but slow response in terms of human resources, systems and controls

Financial trouble can cause anguish and stress for you, your managers and your employees. However, this is a time to deal head on with your difficulties in a transparent and honest way.

It’s important to communicate with your bankers, investors and other creditors, and come up with a plan to get back on track. Resist the temptation to deny or downplay the situation. Riddhi Siddhi Multi Services legal team will solve your all finance related issues in short time of span.