The Last Straw That Broke The Camel’s Back
The idiom "the straw that broke the camel's back" describes a minor or routine action that causes an unpredictably large and sudden reaction due to the cumulative effect of previous small actions. It alludes to the proverb "it is the last straw that breaks the camel's back".
- Wikipedia -
Whatever load you carrying, if it seems you are in an endless cycle, take a moment and look back at trail of events and identify the root cause to break free and release the load.
If you’ve taken out cash advances and now continuing to take out more cash advances… but instead of it pay for your business needs, it’s to pay off your previous cash advances 🛑
No matter how hard or desperate it may seem 🛑
It’s probably too late, but there may still be corrective solutions, stepping stones to helping get you back into a position of utilizing funding to productively grow your business.
I’m not talking about a reverse consolidation that kicks the can down the road.
I’m not talking about debt restructuring that stops payments, changes bank accounts and causes a fight where nobody wins in the end, they just settle.
Although the above 2 solutions are available and can work they are the last 2 you want to result to before considering BK.
There are many multi-million dollar businesses taking out multiple cash advances in this very situation paying tens of thousands to hundreds of thousands every single month just in payback towards these loans.
I’ve been able to help some and see most end up closing their doors because they came to me too late or wanted a quick fix, easy way out.
Only when it’s too late, do most businesses finally give in and open to doing the hard thing, which is usually the right thing should’ve done before it was too late.
Don’t wait until you get handed the last straw, do the hard thing now before it’s too late.
I can’t guarantee you will be approved or it will be a one shot solution, but I can promise you will be in a better informed position.
https://lnkd.in/etNBrPcb
#humpday #doingthehardthing #businessfunding
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