What are my options for keeping my company afloat?

[tusken]

I run a small home carpet and commercial cleaning business and we are running into issues. We are not getting as many customers as we are used to getting, we have lost a couple of our major corporate accounts, and our cash flow is really low. We are at the brink of having to file for bankruptcy. Before I do that and/or go pay someone to give us advice, I was hoping I could get some advice from someone here. What are my options? I do own a lot of our equipment; can I use that as collateral or potentially sell it to get immediate cash flow, then lease equipment going forward? I want to see if there is a way to keep my company afloat without filing for bankruptcy. Thanks in advance…

We have a Focus.com Community member that is looking for some help with this - any insight?

[inle]

I figure thnt I might be able to help you..
I seen similar cases like yours..

If I am not mistaken, the fundamentals in your company are not firm enough & there is no structural foundations of sales & marketing systems in place in the 1st place..

Furthermore, the issues with sales, cashflows & finances in your company stem from there, maybe even from day 1 of your start-up..
This does not happen overnight & you are just experiencing the tip cf the iceberg..

Please drop me a note..

I hope you've an open mind & open to explore options..
I hope we got enough time to turn it around for your case..