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Young Entrepreneur Forums » Ask A business Question » Have a business question? Ask our forum members and Experts for their advice. » Out of Debt?



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Old 10-06-2006, 11:24 PM   #1 (permalink)
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Out of Debt?
Hi all,

I started a liquor store about a year ago, and I have accumulated much debt. However, I am reaching 130k in sales my first year and I am making profit. But, not enough to start paying off my debt.

So, my question is how long does it take to begin paying off debt as a startup? 3 years, 5 years, 10?

Advice appreciated...

Remo
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