bankruptcy

5 Ways to Avoid Business Bankruptcy

5 Ways to Avoid Business Bankruptcy

By / May 25, 2012 / 0 Comments

Bankruptcy is a federal court process which allows individuals and businesses to repay their debts under the protection of the bankruptcy court (Chapter 13 Bankruptcy) or wipe their debts out altogether (Chapter 7 Bankruptcy). The reasons for filing for bankruptcy can be many. However, can business bankruptcy be avoided? The...

How to Know When to Expand, Sell, or Close Your Small Business [Infographic]

How to Know When to Expand, Sell, or Close Your Small Business [Infographic]

By / April 1, 2012 / 0 Comments

Small businesses are the lifeline of the U.S. economy. They account for around 70% of jobs in the country. However, most small businesses won’t survive their 5th year. Operating a small business is full of challenges; especially in an uncertain economy. A small business owner should know when to expand...

Top 10 Reasons Why Startups Fail [Infographic]

Top 10 Reasons Why Startups Fail [Infographic]

By / April 16, 2012 / 0 Comments

It is only natural that you would want your business to succeed. But the odds are stacked against you. Less than 10% of start-ups are successful. So, why do more than 90% startups fail? According to today’s infographic by Visual.ly, premature scaling of one or more of the “core” dimensions...