Augusta
VIP Contributor
it can be unfortunate that a business has already been thrown into debt due to mismanagement of funds, hope is not lost. it can be remedied.
You can do the following to remedied the problem
Start by Increasing the revenue so you can quickly pay off the debts. ...
If you have customers owing you, get the customers to pay sooner.
Then look at the different areas of the business to cut down costs.
You have to prioritize your debt. Negotiate better terms so that you can save money to pay your debt
it will not be out of place to get help from friends and family. it will help one to pay up the debt and get the business back on track.
You can do the following to remedied the problem
Start by Increasing the revenue so you can quickly pay off the debts. ...
If you have customers owing you, get the customers to pay sooner.
Then look at the different areas of the business to cut down costs.
You have to prioritize your debt. Negotiate better terms so that you can save money to pay your debt
it will not be out of place to get help from friends and family. it will help one to pay up the debt and get the business back on track.
