Your Obligation is to Survive and ReemergePosted by Pontoppidan Lindgreen on January 15th, 2021 Why are you becoming though you even have a choice? It is clear---you must surrender in your obligations then it will be easy. You have taken on the responsibility being operator, a company owner. Recommended Site and workers are trusting you to succeed as they be determined by you for support. You could have taken the safe route, i.e. "getting a career." Predictable? Maybe. Dependable? Sometimes. Consistent... as long as it lasts. But, you selected being a company owner. Ok, fine, but this entails some additional responsibility you need to never forget. 1) Your family will depend on making money online. This is an unalterable commitment that really must be satisfied. If you've children there aren't any options. 2) Your employees are trusting that you have them employed since they in addition have made unalterable commitments to their families, commitments that are also now your responsibility. You must carry on and provide employment for those who trust you together with are based on you for the well-being of their very own families. 3) You have, obviously, made commitments to vendors, suppliers, the bank (in case you have borrowed money) and investors or family and friends with lent or purchased the ideal. They, too, expect that you succeed and repay them what is due or pay for your services you have received. And then... you can find the commitments you've made to yourself---commitments to personal success, what every business owner needs to do. news , we can easily all agree with, yet I speak with numerous businesses in default on his or her loans (or soon to get in default), in arrears to vendors, landlords, etc., just cruising into oblivion with sharply reduced revenues and growing overhead, with a collision course for disaster. Regardless, they choose the less aggressive, safer course that is doing nothing and an answer to a miracle---as in case a miracle is likely to occur. Meanwhile, resources erode and time slips by and eventually you violate your entire commitments and fail. In the end, you're struggling to go ahead and take only step that would useful business, jobs as well as your collective families, all of whom are dependant on you, since you are uncomfortable or maybe unwilling to do the workout you need to perform to survive, responsible and ready for successful emergence. Yes, I know, all of us want to pay our bills and none individuals wish to default on the bank, however, if this describes the path to resolution then this is what you should do. It is a matter of priority. Should you choose to visit down using the ship, an "innocent" victim of a bad economy and take everyone along, or result in the tough, uncomfortable decision to outlive no matter what and do the debt workout? It's your call. Better yet, contact read this post here , we're going to make burden from you together with resolve your financial troubles issues when you give attention to your small business. Hallelujah. Call and we will arrange a no-obligation teleconference for individuals to talk about your debt workout options and plan.Like it? Share it! More by this author |