The Burden of Debt and Profitability

High-interest credit card debt poses a significant challenge for businesses, often leaving owners wondering why they are accruing such levels of debt in the first place. To overcome this situation, it is essential to ensure that the business generates sufficient profit not only to service existing debt but also to continue operations effectively. A suggested approach is to analyze pricing strategies to account for past financial mistakes and implement necessary price increases. Recognizing that ultimately, the burden of these financial decisions often falls on the customer is crucial for maintaining clarity and transparency in business practices.