i am taking more loans to repay my existing pwrsonal loans. my business is not well since three years.my house is also from bank loan.tell me some solution.
2007-06-28 00:21:25 · 3 answers · asked by naresh k 1 in Business & Finance ➔ Credit
You need to increase revenues and reduce expenses. Start now.
2007-06-28 01:08:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You need your business looking at to see if there are possibilities of a turnround, otherwise think about folding. You need an accountant or business adviser to look at the figures and agree a plan of action. You can probably get a free initial visit, but they will have to see a return somewhere along the way.
2007-06-28 00:35:49 · answer #2 · answered by Barbarian 5 · 0⤊ 0⤋
1. cut your expenses
2. Work to increase revenue.
Can you please ask a question that describes your business and asks for ways to increase sales? Most businesses when they start out are below the "breakeven point". They need to get their revenue up to a certain point in order to cover their costs. Sounds like you aren't there yet. You have to focus all your energy on getting sales to grow and controlling expenses.
2007-06-28 01:24:28 · answer #3 · answered by hottotrot1_usa 7 · 0⤊ 0⤋