Do what you must to improve cash flow and insure survival. Once that’s done, figure out a way to capitalize. No one should put their business on hold for a year.
You’ve maybe heard the terms “dumb money” and “smart money.” If this is your first rodeo, “dumb money” refers to capital from investors who provide nothing but the cash, ie. they have no experience or connections in your industry, while “smart money” comes from investors who can offer you their rolodex and years of experience in addition to their funds.
Unfortunately, smart money is by and large a myth.