You may be looking at the steps above with your current calendar in mind and think that you don't have enough time to do this. Your spouse likely won't be as eager as you are to fund the business further. This will stop the collection calls and the foreclosures right away. You must state how this mix needs to change for the business to be money-making and develop positive cash flow.

Your approval of every cost, no matter how small, is the quickest way to control your cash. You have violated your debt covenants, or you will soon be out of compliance. This is another avenue you can go down when the enterprise is just not profitable. You have right now shamed your vendor, and implied (but didn't directly say) that you are ready to end your agreement. Undoubtedly, it can get messy if a lender decides to challenge you in court-of-law. Under such circumstances, the business should have enough money in the bank to file for chapter xi bankruptcy protection and pay the lawful fees. Therefore, a commercial legal defender's guidance is more trustworthy. To stop this, take notes during the meeting especially of any agreements. To clarify roles of family members, you must produce performance expectations for each one. With this boss, you should produce your proposal and hope that a negotiation begins. You then use the money to pay bills, help pay debts under your enterprise's insolvency, or to take home a few dollars from a failed venture. This step shows you how to create a cash budget or money forecast.