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Small Business Turnarounds Made Easy


Pretty soon you re in so deep you can t climb out. Its easy to see why the fun of running your own business disappeared months ago. The question today is, "What does the future hold?" A Polite Dose of Reality You didn t plan it this way, but you are reading this message because your business is losing money and you are having trouble paying the bills on time. You're probably not paying yourself on time, either . maybe not at all. You know you should fix your business before the hole gets so deep you can't climb out of it. But, knowing you should and actually doing it are often at odds with each other. Here's the reality: when there isn't enough cash to run the business, pay your creditors, and take home a decent living, you have two choices : 1. Solve the problems causing the cash flow shortage and return to profitability, or 2. Close your money-losing business before it fails and takes you down with it. In my experience, most business owners put off this critical decision until they've poured all the money they can borrow into their companies without solving the problems. By this time it's too late to turn things around. I've Hear...
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