What Do I Do If My Business Runs Out Of Cash?
APRIL 16, 2020
If the situation is dire, you may also consider recapitalizing the business through a debt refinancing or by selling equity. by LJ Suzuki of CFOshare. First, take a deep breath. Exhale. Do it again. Count 6 things in the room around you: computer, a glass of water, my bookkeeper looking panicked…. Once you have achieved a calm headspace, take a survey of your cash position: How much cash is left? Is it enough to cover payroll? If no…. When is the next payroll due?