Business in trouble? KVK can help: 3 steps
- 2 May 2023
- Edited 18 Apr 2023
- 2 min
- In trouble
You just about managed to pay the rent, but what about next month? Your staff has been waiting for their paychecks, and debtors are closing in on you. Is your business in trouble, and is it hard to find a way out? The Netherlands Chamber of Commerce KVK Advice Team advisers offer businesses in trouble a 3-step plan to get back on their feet. They listen to your story, give advice, and engage partner organisations if necessary.
Being an entrepreneur means not giving up, adjusting, and making choices. It is not always easy. Our advisers have spoken to over 100,000 entrepreneurs, helping them with personalised advice.
Step 1: KVK adviser listens
When you call the KVK Advice Team, you speak to an adviser who will listen to your story. You call when you feel the need. The adviser listens without judging you, and asks a set of basic questions. Their main goal is to give you a bit of breathing space, so that you can look ahead once more. In the next steps, you and the adviser search for a solution that suits your situation.
Step 2: KVK adviser analyses
The KVK adviser needs some information about your business to come up with good advice. What is the legal structure? Do you employ staff? How is your financial situation? What are your main activities, and who are your clients? The answers to these questions help the adviser identify the problems, opportunities, and possible solutions.
Together, you review the options for getting your business back on track. For example, additional business credit or a new business activity, extra savings, or a collaboration with other companies. The outcome may also be that ending your business is the best solution. The advice is personal, and specifically suited to your circumstances.
Step 3: KVK adviser connects
KVK has a large network of organisations that can help entrepreneurs. Some examples: Stichting Ondernemersklankbord, VNO-NCW en MKB-Nederland, Geldfit Zakelijk and Qredits. KVK collaborates with these partners. They can equip you with tests to gain financial insight, they know how to handle debts, and offer coaching for entrepreneurs. The KVK adviser can refer you to a suitable partner, if needed.
You can take these 3 steps with KVK in one phonecall. If necessary, you get in touch with the KVK adviser more often. For instance, if you are in a prcoess involving one of the partner organisations, if you have another question, or want to discuss your progress. You are not alone in this.
Business in trouble checklist
Do you prefer to start trying to find a way out of your financial troubles yourself? The KVK Business in Trouble pages can help you getting your grip back on your business.
- How to find and save money: Your business is in financial trouble. You can recover if you make some changes and take out a business loan.
- Financial problems? Change your business model: Change your business model to get ready for the future.
- Time to assess: do you continue or end your business: You weigh the pros and cons and decide to continue - or not.
- Ending your business in a controlled manner: Ending your business turns out to be the best option, however hard it is. Check how to end your business without any loose ends.
Is your business going through a rough patch? KVK advisers can help you find a solution in 3 steps. Call the KVK Advice Team: 0800 21 17.