* Make your sales forecast and sales strategy. Marketing a product into a new market can be a quick boost for your sales if you've ready and willing partner to aid you. See Lesson 5 for a thorough talk of your choices. * You direct any invoice collection calls to your debt negotiator. It will aid you handle the unique challenges of rebuilding a closely-held company. The approach is high-priced costing anywhere from $50,000 on up. Many lenders are going to work with owners to get as much from the closed corporations as possible, without the law courts involvement. Starting today set a target of collecting at least something from every unpaid bill, even if this means losing a customer for the long-haul. If your company collapses into debt from poor judgment, then take some time to acquaint yourself with enterprise principles of successful sole proprietors, buy books, go to seminars, but don't give up. * Justify senior boss separation with evaluation of productivity, skills and fitwith the organization. Reduction in force, or layoffs, are for the most part the quickest and the most effective way to lower your payments. On Day 1, you begin to drive alignment by letting the group converse the corporation's troubles and the solutions needed.

For less than $150 a week in incentive expenditures, you can keep your firm's cash on track throughout the turnabout. Numerous troubled companies face economic hardships because they simply do not know how to plan a working budget, or an innocent mistake on your part may have caused your financial difficulties. So, when you are on an estimated income tax petitioning schedule, you can stop this until you start creating cash again.