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<<When we started our business we put some cash into it but much of the start up costs was on credit. Now the business is moving into the black (not much yet but we're out of the red) but we are still saddled with a large debt mainly from start up costs. And we don't seem to be able to make much headway in paying it down. Whenever we make a dent in the balance we have to dip back into credit, usually to restock supplies and merchandise for manufacturing or general resale.

Do you have idle inventory or equipment that should be sold off? Perhaps it's time to take a very careful look at what parts of the buisiness make a profit and which don't, and reposition the business to maximize profitability.

How about accounts receivables? Are there outstanding invoices that have gone unpaid? Identifying problems and mounting a concerted campaign to collect what you are owed might scare up dollars.

Seattle Pioneer
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