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"When your cash crunch is looking particularly severe and you can't pay all of your creditors, decide which ones to pay first."
The Lowdown On Money Problems
" If you are starting out undercapitalized, like most small businesses
do, and if you have big growth plans, you are sooner or later going
to run out of money. "
Basic Money Shortage Solutions
" The first area that can be adjusted during a cash crunch is cash inflow. Look at all of the receivables owed to you. Determine whether or not there is some means by which you can receive payments earlier than anticipated. "
Prioritizing Bills When Money is Short
" When your cash crunch is looking particularly severe and you can't
pay all of your creditors, decide which ones to pay first. While every
situation will be different, the following provides a good base
strategy for prioritizing payment importance. "
How Far Will the Bank Go?
" As long as you have been with a bank for a couple of years and have given the bank some advance warning regarding a few upcoming late payments, it will probably still want to keep your business. "
Emergency Financing Alternatives
" Asset-backed financing ... Factoring ... Lease-back "
Extreme Solutions to Money Problems
" Individual settlement ... General settlement ... Bankruptcy ... Cutting costs ... Employee participation ... Layoffs "
- Featured Book
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 Streetwise Small Business Start-Up
When you start a small business you soon discover that things just don't happen in the real world the way they tell you in business textbooks: Invoices don't get paid by their due dates,
ads don't consistently bring in customers, sales don't continually rise, and profits aren't always there.
In this book, small business maverick Bob Adams shows you how things really get done, and acts as your mentor by providing instant access to streetwise advice on every small business topic.
Regular price: $17.95
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