How are you guys and ladies using debt, and leverage to fund the growth in your businesses. any formulas? my credit line against receivables is 50g. anyone have any thoughts here. our slow season always seems to cause a nice little hiccup in cash flow. how deep a hole do we dig. thank goodness for spring im rather new here. i’ve found some interesting things, ideas, thanks chris
Not sure I understand your question.
I definitely [I]spend money, sometimes more than I have at a given moment,[/I] to fund a certain promotion or marketing stream, if that’s what you mean.
I’m not sure going into debt just to survive the winter months is a good idea. If you mean just to pay the bills. You’ll be in major debt, and then it won’t be fun to work in the spring and summer just to pay off a large debt. I think it would be better to look at putting aside money thru the busy seasons to help you survive the slow seasons.