Payroll and taxes have completely my moms restaurant account. We're not busy enough to afford to pay payroll next week. Rents due, the electricity is due, all of this amounts to around 3 thousand she doesn't even have a thousand dollars in the bank.
People that do eat there really enjoy the food. But, I just don't know what to do. I told her to become take out only to save from having to have employees but she said its not an option.
If she goes under, what are we going to do for work? Work in Michigan is hard to find, what is she gonna do to pay back her loans?
I'm really worried. Is there anything that can be done? Any ideas on how to save a failing business?
Thanks
If she does go under, she will file for bankruptcy and not pay the loans back.
See if you can get more people - be creative - think either conventions, parties, board meetings, lunch specials for local businesses....
Good luck
this is happening all over, you are not alone, cut expenses somehow
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