During this already difficult time, you'll have to hire more employees, or create do with fewer people if hiring new personnel is not possible. Keep in mind that backers and money-lenders need you as well. If your material costs are already in your cost budget, then you don't include them here. An expert can come in, price your items, handle the sale and train your personnel for your newest endeavor - shutting the enterprise down. Hence, strategic buyers such as competitors, vendors and customers should be at the top of your list. I advocate that you weekly thank these people for their dedication and contribution in rebuilding the enterprise. As I discussed previously, a chapter xi filing is more complex than a Chapter 7. Some quality time with friends and family will give you a different perspective and renewed energy when you walk back into work the next day. Most of the time lenders are willing to work with a business to relieve financial burdens, rather than dealing with the legal forums. Seek consultant guidance, anyhow, and escape negative people and the ones who enjoy telling you, I told you so. Because they already understand the enterprise, the firm's management and workers make good buyers. A key step in preparing your business to sell is gathering documents.

Getting more advance from a vendor equals getting extra cash. I advise that you get a new physical count taken by an outside Bookkeeper firm. Anyhow, you'll still want to review Lessons 6, 7 and 8 covering closely-held business issues, org structure, and budgeting to complete your plan. Choose strategic versus nonstrategic suppliers.