My situation is nearly hopeless, but not completely so. There are realistic, foreseeable scenarios where I could pull out of all this. I just need some things to go my way. Lately, I haven't had much luck. In the past, we've had things turn out better.
One thing I may need to try and do, though, is sell one of the trucks. These industrial trucks retain their value pretty well. I might be able to make a little bit on the sale, versus what I owe on it. That would give me both a little bit of cash, but would also free up the $399 payment I make every month. It would also let me avoid maintenance and insurance costs on it. All told, it'd be maybe $450 or so in terms of monthly cash flow.
We can handle our business with two production trucks. It's very hard to rationalize having more trucks than people. If I didn't have the note on the truck, I'd sell it, now. Not sure how problematic this will be, but there are ways to get it done.
Beyond that, I don't see many ways to come up with substantial cost avoidance, here. We're down to 4 employees. We haven't been this small since year two.
Breaking the company down much below its current level is something I will really be loathe to do. If it gets much worse, it will probably be time to liquidate the assets and call it quits. I hope it doesn't come to that, but frankly, business reality doesn't run on hope.
No comments:
Post a Comment