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201 GREAT IDEAS for Your SMALL BUSINESS, Third Edition by Jane Applegate

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GREAT 49 IDEA: Hire a Debt Arbitrator

At 10 years old, Robert “Bobby” Blumenfeld was already working the sales floor of his parents' retail store in the Catskill Mountains. At 12, he was selling men's suits. So Blumenfeld isn't bragging when he says he knows every aspect of the retail business. He's worked both inside and outside of companies as an investor, owner, and consultant. And, through the years, he's watched too many companies drown in debt when they could have been saved.

He said many creditors misinterpret a company's failure to pay as a lack of desire to pay. These misunderstandings lead to costly litigation and aggravation. That's when he steps in to help.

“I always enjoy trying to save a business, versus shutting the door on them,” ...

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