As a founder or CEO, have you made the decision to borrow money to get your business through tough times, bridging the capital gap? Now business has bounced back and executing a plan to again become debt free seems impossible. You are not alone. Hindsight being 20 20, perhaps a simple plan to cut back expenses would have made better business sense. But it is hard to recognize this as expenses and debt accumulate and scaling back seems counter intuitive. While not easy to change one’s mindset, it is possible. Regardless of how your company’s finances got to where they are today, as the head of the organization, it is crucial that you take a step back, evaluate the situation, and note what makes the most sense for the health of the company. A restart can be achieved with dedication and commitment to a plan. To address why companies fail and how they can potentially start over, we have invited turnaround expert, Patrick Rettig, to join today’s discussion on The Second Stage.
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