How to Get Your Head Above Water When You Feel Like You’re Drowning
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?