Do you ever have that feeling when you can’t get your head above water in your business because you are drowning in the “D” word (as in DEBT)??
I can totally relate…
Getting out of DEBT can be hard! At certain times in my life, debt seemed like it was actively pulling me in — even if by accident!
One year, when my business was actively growing, I financed 8 trade shows using cash flow from a large order and a line of credit.
Going into this, I had a plan to pay off the investment, but things went south. My trade shows didn’t get the ROI that I was expecting and a few other financial setbacks came up that were unexpected.
I felt like I was drowning!
I feel this taboo topic is super important to talk about because, had I faced the music a little earlier, my business wouldn’t have gone into Bankruptcy. So if you feel like you are sinking, listen in!
Here are the steps I took to stay afloat when things went underwater in my business!
Click to tweet: 6 Steps to Get Out of Business Debt for Jewelry Designers http://bit.ly/1H9xmnt via @Flourish_Thrive
Now I want to hear from you! I know this is a touchy subject but in the comments below tell me the following:
- What is your biggest AHA about getting out of debt?
- What is 1 action step you will take this week to gain control of your finances?