What would you recommend to salvage this critical situation?
Answer to relevant QuestionsHow does using the float as a cash management method differ from deliberately writing NSF checks? Why do you have to give up more ownership to get outside investment if your business is risky? How can raising money from venture capitalists be said to be expensive? Discuss the pros and cons of providing credit to customers. If you do decide to provide credit, what policies should you establish and enforce? What is the risk to the small business owner of operating without insurance?
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