Hunker Down, We Are in For a Roller Coaster Ride
Our economy is confronted with complex and difficult issues.
No one really knows were we are headed, but one thing is certain: If you are overloaded with debt that you cannot afford to repay-whether times get better or worse-you must do the workouts as soon as possible, and rid yourself of this anchor that will surely weigh you down and drown you.
Debt kills the warrior.
Now is a great time to act.
Tomorrow may be too late.
Many believe our economy is getting better every day, that the stimulus packages worked and that we are returning to better business days.
I do not happen to be one of the believers of this philosophy, but what if it is true? As the economy pulls itself up and out, in this theory, you will NOT be able to take advantage of the ramp-up as it takes capital to restock the shelves, hire additional workers, purchase more materials, advertise, etc.
The one thing we all have learned is that growth costs capital.
The return is down the road, and the cash comes back after you deliver then wait for the payment.
Getting to that point requires capital.
Debt destroys capital.
If your smaller revenues are being eaten up by debt, then you will not be able to ramp up your business when the economy does get better.
You will be trapped in the downturn, unable to take advantage of the better days coming...
if they come.
If the economy continues to remain underwater for a prolonged period of time, then the results are obvious.
If you hold onto your debt, you are doomed because you cannot afford it, and without an upswing back to previous high revenues, you will not be able to service that debt.
Certain disaster.
The answer is universal.
No matter what our economy has in store for us, you have one path and only one path to take: Downsize.
Reinvent your business.
DO THE WORKOUTS ON YOUR DEBT! This plan prepares you for either reality.
If things do get better you will be ready to expand with the economy as you will have the capital required, the capital that would have been absorbed by further debt service.
If the economy or the business climate does not get better, you will be able to survive and emerge successfully because you have removed the debt burden from your shoulders.
Either way, it is time to act.
Stop waiting-there is nothing to wait for.
Either reality requires action, response, and a plan.
Call us for help and direction.
We will arrange a no-obligation teleconference to discuss your options.
No one really knows were we are headed, but one thing is certain: If you are overloaded with debt that you cannot afford to repay-whether times get better or worse-you must do the workouts as soon as possible, and rid yourself of this anchor that will surely weigh you down and drown you.
Debt kills the warrior.
Now is a great time to act.
Tomorrow may be too late.
Many believe our economy is getting better every day, that the stimulus packages worked and that we are returning to better business days.
I do not happen to be one of the believers of this philosophy, but what if it is true? As the economy pulls itself up and out, in this theory, you will NOT be able to take advantage of the ramp-up as it takes capital to restock the shelves, hire additional workers, purchase more materials, advertise, etc.
The one thing we all have learned is that growth costs capital.
The return is down the road, and the cash comes back after you deliver then wait for the payment.
Getting to that point requires capital.
Debt destroys capital.
If your smaller revenues are being eaten up by debt, then you will not be able to ramp up your business when the economy does get better.
You will be trapped in the downturn, unable to take advantage of the better days coming...
if they come.
If the economy continues to remain underwater for a prolonged period of time, then the results are obvious.
If you hold onto your debt, you are doomed because you cannot afford it, and without an upswing back to previous high revenues, you will not be able to service that debt.
Certain disaster.
The answer is universal.
No matter what our economy has in store for us, you have one path and only one path to take: Downsize.
Reinvent your business.
DO THE WORKOUTS ON YOUR DEBT! This plan prepares you for either reality.
If things do get better you will be ready to expand with the economy as you will have the capital required, the capital that would have been absorbed by further debt service.
If the economy or the business climate does not get better, you will be able to survive and emerge successfully because you have removed the debt burden from your shoulders.
Either way, it is time to act.
Stop waiting-there is nothing to wait for.
Either reality requires action, response, and a plan.
Call us for help and direction.
We will arrange a no-obligation teleconference to discuss your options.
