Reduce Expenses
Increase Revenue
When that is the case often the best answer in the long term is to fold. If you can't cut costs or increase revenue whatever you do don't borrow more. That usually leads to misery, unless you have a family member who could provide support. Of course if it still goes sour...
Hey,
You need to get more clients for your business so it sustains the expenses that are coming it's way.
Some of the cheapes ways to get more clients is web marketing... setting up a website and marketing it online...
The whole process would cost u aroud $100-150 but would bring results that are worth it.
Mail me if u need any help setting up the website or marketing it.
gds_iam@ymail.com
Thanks
You may have to make some sort of painful sacrifice, for example taking on an investor/partner who feels hey have the experience to turn the business around, I don't know if there are any tangible or intangible assets that make it valuable enough to pour more money into, you might have to turn over 1/2 or more of your authority to such an investor.
Hi.
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We need more information like what type of service/Product is it?? Is the price setting too low? Are you prepared for layoffs? Can you negotiate prices?
What actions could be taken to survive if expenses exceed revenues and you wish to continue the business??
