Remove Bankruptcy Remove Employee Remove Finance
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My Life as a CEO (and VC): Chief Psychologist

Both Sides of the Table

Psychologist as the CEO of Employees – Everybody wants to work somewhere “that is not political&# but that place only exists in a mythical utopian island. One of the most common “chief psychologist&# asks of me as the CEO was to resolve an inter-personal conflict with another employee.

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Why You Should Background Check Your Business Partner

YoungUpstarts

Background checks of potential employees routinely show both minor and more concerning issues for employers. Here are the issues that merit concern: Financial Issues: Bankruptcy, tax liens, poor credit, and other financial problems should raise a red flag, even if your potential partner will not be contributing financially to your business.

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Why Startups Are Ready For A Reboot

YoungUpstarts

Companies that have managed to do this have a distinct advantage over those dependent on financing from external sources. NBC News points out several companies that filed for bankruptcy during the later months of the crisis. Businesses have had to look for more creative means for funding their success.

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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

Remember it was only 2008 where Microsoft and even Google were laying off employees. That would mean that the increased number of new business startups will lead to a “funding gap&# of deals that can’t get financed. This is the time it takes for a bankruptcy or asset sale to occur. Many may simply hit the wall.

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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

The key to being able to run a business that isn’t yet profitable (on operating margin) is availability of capital to finance losses and preferably at a cost that isn’t too punitive to the founders and employees. Poorly calculated LTVs can become BVs (bankruptcy values). That is what finances rapid growth.

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Does A Business Bankruptcy Hurt My Personal Credit?

YoungUpstarts

Naturally, this comes with a long line of responsibilities, including the dreaded finances of salaries and taxes. But your business life and personal life aren’t one, so you have to stay on top of your personal finances, too, no matter how intertwined the two seem. Will your business’s bankruptcy harm your own credit score?

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3 Key Factors Lenders Look For When Assessing Business Loans

The Startup Magazine

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.