At the same time last year, we had more cash reserves saved up in the money market account. And I know that last year the line of credit was paid off, while this year we’ve got quite a bit...
Dig business out of debt. I have no more money to put into the business. Over the years the business has been good to me. It has supported lots of families — mine, as well as my employees. Right now,...
to buiI don’t want to save money and then spend the financial nest egg to get through our slow months. Every year it feels like we give back all our profits when it gets quiet. Help! THOUGHTS OF THE DAY:...
We need to build business cash in case of emergency, fund payroll, etc. We’re operating very close. The money that comes in goes right back out. Feels like a treadmill. We’re not making progress. We have loans and old bills...
"Our credit line is up for renewal and our bank is dragging its feet. I’m concerned we may not get our line renewed and without it, we’re sunk. Any suggestions?" A plan to manage debt is a key component...