Listen to the latest 60 second episode of Integrity Moments with Rick Boxx
Over the years, I’ve helped many businesses become more profitable. In this series, we’re discussing five steps to move from struggling to thriving in business.
The third step is to Project a Realistic Future. Without a financial plan, you will continue with bad spending habits or miss your sales goals.
If your business is struggling, strive to convince your creditors to work with you. This requires you to create a realistic plan for your company.
Proverbs 21:5 teaches, “The plans of the diligent lead surely to advantage, but everyone who is hasty comes surely to poverty.”
Your plan needs to be a conservative projection using current sales numbers. If you build your expense structure and debt repayment around reasonable sales numbers, you will have a chance of attaining your goals.
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