What if your largest customer filed bankruptcy?
If your largest customer filed bankruptcy, what would it do to your business? Force YOU into bankruptcy? Drain your profits for the year? Keep you from paying your suppliers or making payroll? Make you take on debt to stay afloat? Hear a quick story about my client...
What you don’t know can hurt you (and wipe out your retirement fund)!
Corporate bankruptcy has been used as a tool to solve non-financial problems for years. Two examples are in the news now and all business owners and financial managers should watch and learn so you aren’t the victim. Using bankruptcy to avoid management...
Nearing the Top of Economic Cycle
Last month, the annual pilgrimage to Davos, Switzerland took place. Officially called the World Economic Forum, the world’s political and economic elites gather here to discuss (some would say “plan”) the global economy.
Recent Signs of Economic Trouble Ahead
Historically, we have a recession in the US every 5 to 7 years and on that basis, we’re due for the next one now. The economic cycle has come full circle and signs of contraction are starting to pop up. Over the last month, I have shared at least four articles...
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