On Debt And Debt Management

摘要

I recently received a phone call from a drycleaner whose company was a one-location, plant-on-premises store that grossed $1 million a year in over-the-counter retail business. Prices were average—not high, not low. There were no drop stores. The business had no commercial or wholesale volume. Sounds like a dream operation, doesn't it? It wasn't. It was in trouble. The reason? Excessive debt. The drycleaner asked me what he could do. If I only had a simple answer.