"How about this. Let say you had $12,000 in cash on hand. Post tax so it's your 12k. You've researched and realized you need a larger piece of equipment to either expand your offerings or keep up with productivity at a cost of $10k."
You don't have to expand quickly, or increase capacity if you can't afford it. And if you are keeping up with the work load then there is no urgent need to increase productivity.
Business takes a slide for whatever reason. Posted via Mobile Device[/QUOTE]
Yes they can. Not being in debt will increase the chances or surviving. When there is a business down turn the time to cut back is right then, decrease costs, lay offs, is before you go through the any of the $10,000.