Financial consultants may even advise you to make direct payments to your vendors rather than paying via your JV partner. This is in large part due to the possibility of your funds being trapped in a JV partner’s bankruptcy estate, should it come to that.
Prepare for an economic downturn with finance consulting in Belgium
Predicting the ultimate effect that a potential financial crisis can have is not an easy feat, but you can take deliberate steps to prepare and reduce the impact of these scenarios.
You will also realise that aside from your business, your stakeholders will also go through tough times, and a financial consultant can help you negotiate efficiently with your stakeholders while keeping your best interests in mind.