Biblical Answer

The first step to keeping your business afloat when you're drowning in debt is to acknowledge and address the debt. This means identifying the specific debts you owe, who you owe them to, and what you can do to pay them off. You may need to cut back on expenses, find ways to increase revenue, or seek the help of a financial advisor. It's also important to be honest with yourself and others about the state of your finances. As the Bible says, "Let your one continuing debt be the debt of love" (Romans 13:8), meaning that you should prioritize loving and serving others, even in difficult financial circumstances.

In addition to addressing the debt, it's also important to develop healthy financial habits and prioritize your spending. This means sticking to a budget, paying bills on time, and avoiding debt altogether whenever possible. You may also need to make difficult decisions, such as cutting back on non-essential expenses or finding ways to reduce debt through creative solutions like debt consolidation or negotiation. As the author of Deeper Deeper says, "You cant cancel a debt that you havent clearly identified" (Deeper Deeper, p. 66), so take the time to carefully examine your finances and make a plan to move forward.

Ultimately, keeping your business afloat when you're drowning in debt requires a combination of financial discipline, creative problem-solving, and a commitment to living a life of love and service. By prioritizing the "debt of love" and seeking the help of others when needed, you can find ways to manage your debt and move forward in a positive direction. As the Bible says, "Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God" (Philippians 4:6), so don't be afraid to ask for help and guidance as you navigate this challenging time.