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I took the Cashy Lake test and scored very low. We are in dire straits, what should we do?

Eric Daly Friday, May 20, 2016
I took the Cashy Lake test and scored very low. We are in dire straits, owing 3 times more money as is due to us. Sales are down. Some receivables are over 100 days. My bank is nervous. My spouse and I are very worried. What should we do?

No matter how bad things look, there are always options to get you out of trouble. We start with a hard look at all your numbers. We build a weekly cash flow model with you. When you are proactive with suppliers and bankers to whom you owe money, deals can be worked out to stretch those payments out. Sometimes there are items on the balance sheet that can be turned into cash quickly. Need help on collections? Let’s help you get that sales funnel going! You don’t have to be alone. But you need to take action quickly.

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