Startup Professionals Musings

DECEMBER 6, 2021

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort.

Bankruptcy 295

Bankruptcy Dividend Salary Cost 295

Mike Michalowicz

APRIL 15, 2013

You fix your bottom line by increasing revenue or cutting costs or both. We cling to our expenses, believing we will need all those costs the moment we land that big client. Costs pile up predictably. Many costs are static and recurring, meaning they happen every month for the same amount regardless of your revenue.

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Cost Bankruptcy Revenue Software Review 151

The Startup Magazine

APRIL 29, 2019

Bankruptcy is an often misunderstood practice you don’t run up debts and then just magically go bankrupt it is much more complex. Let’s look at some of the answers to common bankruptcy law questions in more detail. Yes, this does come at a cost as we looked at in the first question but for many people, it will be worth it.

Bankruptcy 94

Bankruptcy Equity Security Government 94

The Startup Magazine

MARCH 8, 2024

Poorly managed debt can lead to financial strain, decreased creditworthiness, and even bankruptcy. When considering debt options, comparing interest rates, repayment terms, and fees from multiple lenders is crucial to finding the most cost-effective solution.

Finance 123

Finance Technical Review Metrics .Net 123

Startup Professionals Musings

JULY 7, 2012

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort.

Bankruptcy 221

Bankruptcy Salary Operations Employee 221

ReadWriteStart

DECEMBER 20, 2022

While employees are often inspired by success stories and case studies of triumphant innovation tales of large companies, the cost of not innovating is often overlooked. The deal could not materialize — and now the situation is such that the success of Netflix was one of the primary reasons behind the bankruptcy of Blockbuster.

Software Review 190

Software Review Application Development Technical Review Bankruptcy 190

Startup Professionals Musings

AUGUST 10, 2013

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort. Marty Zwilling.

Bankruptcy 206

Bankruptcy Startup Salary Operations 206

Startup Professionals Musings

FEBRUARY 1, 2011

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort.

Bankruptcy 220

Bankruptcy Entrepreneur Salary Operations 220

The Startup Magazine

MARCH 31, 2023

Adopting best practices and implementing effective tools and strategies can streamline your financial processes, reduce costs, and improve your bottom line. 1. While most businesses are aware of high-level expenses, they are typically unaware of what’s costing them money daily.

Management 97

Management Software Review Finance Bankruptcy 97

Hearpreneur

OCTOBER 31, 2021

Saturn, Pontiac, and Hummer were all shuttered due to GM's bankruptcy, which occurred on June 1, 2009. It cost him $4.8B The company faced bankruptcy over 10 times but Elon came up with some genius ideas the next day to save it each time. Eventually, the company was led to global dominance by Alfred P.

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Entrepreneur Software Review Las Vegas Bankruptcy 127

The Startup Magazine

JULY 21, 2021

So, credit repair services are worth the cost for the following reasons. For example, the cost of correcting identity mix up may be less compared to identity theft-related credit restoration. However, the advantage of timely repair of your credit score is worth the cost of paying a credit repair company. Timely Results.

Cost 140

Cost Hiring Reputation Bankruptcy 140

Startup Professionals Musings

MARCH 6, 2019

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort.

Bankruptcy 242

Bankruptcy Startup Dividend Salary 242

The Startup Magazine

MAY 11, 2020

A business budget plays a significant role in identifying income streams, variable costs, and fixed expenses. Eliminate Non-essential Costs. Therefore, evaluate your spending habits and find effective ways to cut costs within your business. You want to be sure that your total amount is shifting as you settle each monthly bill.

Software Review 105

Software Review Small Business Management Bankruptcy 105

This is going to be BIG.

MARCH 16, 2020

The answer, unfortunately, was to declare bankruptcy. If you are a turnaround, bankruptcy or private equity investor and have questions about the sale process, you can e-mail me at charlie@brooklynbridge.vc. This is what happens when you deal with investors that aren’t professionals.

Bankruptcy 102

Bankruptcy Private Equity Seed Stage Dilution 102

The Startup Magazine

JULY 3, 2017

Although filing for bankruptcy may seem like a daunting and complicated endeavor, it can provide relief for many as a way to get out of debt. For instance, your credit score will be significantly lowered and the bankruptcy information could stay on the record. When is the right time to file for bankruptcy? Chapter 12.

Bankruptcy 62

Bankruptcy Finance Government Partner 62

Up and Running

NOVEMBER 10, 2014

If your business is considering filing for bankruptcy, read on to see how to proceed. If your business has been experiencing financial difficulty for some time, is filing for bankruptcy the appropriate step? And if so, what bankruptcy options do you have? Lack of proper cost control. Chapter 7 Bankruptcy.

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Bankruptcy CPA LLC Small Business 89

The Startup Magazine

AUGUST 15, 2024

Some people choose to bootstrap because they can’t get financial backing from the bank and whether that’s because of previous debt consolidation or bankruptcy or because they don’t have the credit. They have to figure out a way to build things up on their own. Cash flow is the most important thing for a bootstrap startup.

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Bootstrapping Bankruptcy Lean Finance 138

The Startup Magazine

JULY 1, 2019

With staggering statistics like these, it’s clear that startups need to come up with affordable ways to handle their accounting services needs in order to avoid bankruptcy. This way, they not only save on costs but also get professional business advice. Image Credit: Ross Williamson | Flickr.

CPA 70

CPA Software Review Bankruptcy Early Stage 70

The Startup Magazine

JULY 21, 2021

So, credit repair services are worth the cost for the following reasons. For example, the cost of correcting identity mix up may be less compared to identity theft-related credit restoration. However, the advantage of timely repair of your credit score is worth the cost of paying a credit repair company. Timely Results.

Cost 78

Cost Hiring Reputation Bankruptcy 78

Startup Professionals Musings

FEBRUARY 6, 2010

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort. Marty Zwilling.

Bankruptcy 128

Bankruptcy Salary Operations Employee 128

Women Entrepreneurs Can

NOVEMBER 5, 2020

Bankruptcy hit companies that seemed infallible. Plenty struggled to cope during the pandemic, and plenty turned to bankruptcy when it seemed that they just weren’t going to make it through this obstacle. But bankruptcy is a big decision, with lasting consequences – consequences that can’t be taken back.

Bankruptcy 40

Bankruptcy Dividend Forecast Cost 40

Up and Running

MARCH 15, 2017

Buying insurance can feel like a hassle, but if you invest in finding the right policies now, you’ll save yourself from potential legal headaches and unexpected costs down the road. See Also: 9 Ways to Lower Your Business Insurance Costs. Without insurance, these costs can add up quickly. General liability insurance.

Bankruptcy 109

Bankruptcy Software Review Small Business Employee 109

Both Sides of the Table

MARCH 3, 2013

“In 15 Years From Now Half of US Universities May Be in Bankruptcy.” Obviously that barrier has been brought down with low-cost ability to capture, stream and distribute content over the Internet. ” Such was the quote of Clayton Christensen followed by, “… in the end I’m excited to see that happen.

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Bankruptcy Offshore Liquidation Preference Balance Sheet 403

View from Seed

SEPTEMBER 12, 2017

In 2017 alone, we’ve seen widespread store closures or bankruptcies from apparel retailers, including: True Religion. We are currently seeing the most rapid collapse of retail since the Great Recession, due to the internet changing consumer demand and purchasing patterns. Ascena (Ann Taylor, Loft, Dress Barn, Lane Bryant, Justice, etc.).

Internet 209

Internet eCommerce Bankruptcy Technical Review 209

Hearpreneur

DECEMBER 30, 2020

I owned a mortgage company when the mortgage industry crashed and lost almost everything pushing me to the brink of personal bankruptcy. Launching a recipe website can cost as little as $150 if you can utilize your phone as a camera to start. Faced with rising costs, many businesses have a difficult time growing.

Technical Review 147

Technical Review Entrepreneur Software Review SEO 147

YoungUpstarts

SEPTEMBER 27, 2017

by Larry Light, CEO of Arcature and co-author of “ Six Rules of Brand Revitalization: Learn the Most Common Branding Mistakes and How to Avoid Them “ Early this year, The Limited shut down its 250 clothing stores and not long after that the women’s apparel chain announced it was filing for bankruptcy protection.

Private Equity 127

Private Equity Bankruptcy Technical Review Leadership 127

YoungUpstarts

JULY 21, 2019

Why are there so many digital commerce companies which can challenge large traditional retailers and even force them into bankruptcy? This way they could mitigate inventory risk and costs at the same time. The first question that arouse was how they were going to start with only very limited funds. The solution was crowdfunding.

Cofounder 113

Cofounder Technical Review Technology Netherlands 113

YoungUpstarts

SEPTEMBER 13, 2019

Rebranding is one way to overcome the odds of a partnership breakage or a bankruptcy, showcasing the good points of your business. By adopting this company-wide business strategy, you’ll improve profitability and reduce production and operations costs. Why are you rebranding your business?

Technical Review 149

Technical Review Software Review Bankruptcy Equity 149

YoungUpstarts

OCTOBER 5, 2017

by Larry Light, Chief Executive Officer of Arcature and co-author of “ Six Rules of Brand Revitalization: Learn the Most Common Branding Mistakes and How to Avoid Them “ Early this year, The Limited shut down its 250 clothing stores and not long after that the women’s apparel chain announced it was filing for bankruptcy protection.

Private Equity 113

Private Equity Bankruptcy Technical Review Leadership 113

YoungUpstarts

JUNE 17, 2020

Following from that, is there an operational plan that can be implemented to lower costs while salvaging the competitive advantage of the company? Federal Bankruptcy – Chapter 7. A brand new, “fast track” bankruptcy procedure that enables companies with less than $7.5 Small Business” Subchapter V of Chapter 11.

Bankruptcy 179

Bankruptcy Covenant Florida Balance Sheet 179

The Startup Magazine

FEBRUARY 24, 2020

Similarly, you’ll want to diminish your cash outflows by any means necessary; vaguely speaking, this means ‘cutting the costs of doing business,’ but more specifically it may entail getting rid of unessential employees or changing suppliers in order to secure better long-term financing on your deals.

Bankruptcy 106

Bankruptcy Technical Review Security Finance 106

Duct Tape Marketing

SEPTEMBER 4, 2024

Joe’s “don’t worry about it” mentality, is rooted in his blue-collar upbringing where his father often provided services for free, and once nearly led him to bankruptcy. Train your AI models at twice the speed and less than half of the cost of other clouds. The surgery doesn't cost hardly anything.

Cloud 77

Cloud Bankruptcy Widget Kansas City 77

YoungUpstarts

JULY 25, 2012

After all, Latman has seen his startup company Microworkz go from the brink of tremendous success to being shut down, have himself enter personal bankruptcy and his personal life destroyed. He’s lost 11 jobs in 12 months, been sued by the attorney general of the state of Washington , and his name and reputation dragged in the mud.

Software Review 164

Software Review Maryland Bankruptcy Seattle 164

Steve Blank

JANUARY 4, 2011

Perhaps because the cost of a public failure is so high in Chile. Partially due to a lack of bankruptcy or commercial courts, the bankruptcy process in Chile is draconian. In addition, in Chile the cost of personal failure is high. See below.). If you fail, you’ve failed your family, your community and your country.

Silicon Valley 335

Silicon Valley Chile South America Venture Capital 335

Startup Professionals Musings

MARCH 11, 2017

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort.

Bankruptcy 136

Bankruptcy Startup Salary Operations 136

Startup Professionals Musings

MARCH 12, 2021

Especially if people hear rumors of your interest in selling, they will assume that you are fighting bankruptcy, being pushed out, or your personal life has fallen apart. Not getting a signed non-disclosure before negotiating can cost you dearly in value. Refrain from telling associates that you are selling.

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Due Diligence Intellectual Property Bankruptcy Exit Strategy 410

Startup Professionals Musings

JANUARY 17, 2015

Sales and distribution channel activity will be analyzed, as well as cost of customer acquisition, to make an independent assessment of your financial projections. During that period, it is very difficult for either party to get out of the deal, since there is no public market for the stock, and business divorces normally mean bankruptcy.

Technical Review 120

Technical Review Due Diligence Startup Term Sheet 120