When do you know to stop and make a change?

mailbox_250WOne of the big headlines today is that Canada Post is eliminating doorstep delivery and cutting up to 8,000 jobs in an attempt to make a dent in the $6.5 billion (yes billion) dollar pension shortfall.  Imagine the problem the government would have on their hands trying to figure out how to solve that problem while keeping the population happy about getting door to door service!  The comments and debate is interesting but misses a key point – when a business is not covering their obligations they are bankrupt.  It’s simple.  As any small business owner or individual can attest, you cannot keep ignoring your bills forever – at some point the music stops.  Here are three common responses from businesses I talk with about their costs exceeding their cash:

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