Don Todrin - Debt Work Out (1)

Part SEVEN of an eight week in depth tutorial of

The Four Pillars Turn Around System.

 

If your revenues have decreased, and your cash flow is severely challenged, or if there is any issue that is threatening your existence as a viable small business, then make it your NEW YEARS RESOLUTION to do a

DEBT WORKOUT in order to free your business to survive, emerge and succeed in the New Year.

 

Remove your business debt from the formula, and THEN do a cash flow, if you end up with a smile, then what's preventing you from doing the DEBT WORK OUT necessary to achieve this result?

 

Ego: ( I can't do this it is not  right, I was taught to pay my bills),

 

Emotion: (it is too uncomfortable doing this it is not who I am),

 

False pride: ( I am too honorable to default, it is not how I want to be, I cannot admit failure,

 

Fear: (what happens if it doesn't work).

 

What IS clear, is that if you do not do your debt workout, your business will eventually fail and all that you are trying to protect will be for naught, your employees jobs, your family income, your investment, the vendors and banks that you owe, will all suffer the consequences.

 

Do the right thing, do a debt workout. It is the most honorable act possible under the circumstances of reduced income which challenges your businesses viability.