Augusta
VIP Contributor
There comes a time that you have an overwhelming debts to pay in your business. You have to do something fast to avoid the creditors stressing you out. So how can your minimize your business debt levels and get your business
finances back on track:
Reduce funds in some areas
you would have to Identify areas in the business that you dumped so much funds that was unnecessary. it could be renting a big office space or having excess equipment. you can rent or sell them off to realise money.
Look into how to either save money in the business or get incentives from people outside like your suppliers or others that are connected to the business. This way you would have gotten money that you can use to refinance the business.
With Refinancing the business you should seek out creative financing options which you should consider . Angel investors, crowdfunding, accelerators. You can asked that they come in to partner with you.
What do you think?
.
finances back on track:
Reduce funds in some areas
you would have to Identify areas in the business that you dumped so much funds that was unnecessary. it could be renting a big office space or having excess equipment. you can rent or sell them off to realise money.
Look into how to either save money in the business or get incentives from people outside like your suppliers or others that are connected to the business. This way you would have gotten money that you can use to refinance the business.
With Refinancing the business you should seek out creative financing options which you should consider . Angel investors, crowdfunding, accelerators. You can asked that they come in to partner with you.
What do you think?
.