Remove Bankruptcy Remove Finance Remove Government
article thumbnail

Why Startups Are Ready For A Reboot

YoungUpstarts

Most startups have been competent in managing their cash burn by determining how they spend and utilizing government subsidies to meet their goals. Companies that have managed to do this have a distinct advantage over those dependent on financing from external sources. Some have resorted to aiming to be self-sufficient.

article thumbnail

7 Ways to Improve the Financial Management of Your Business

The Startup Magazine

Managing finances is one of the most important aspects of running a successful business. As a result, being unaware of regular expenses can lead to overspending, cash flow problems, and even bankruptcy. A clear plan makes making informed decisions and managing your finances easier. 4. Monitor finances.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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?

article thumbnail

Effective Cost-Saving Rules for Manufacturers

The Startup Magazine

Due to lockdowns, layoffs and other measures forced by the virus, some manufacturers had to pronounce bankruptcy and completely stop their business actions. Due to COVID-19 pandemic, many companies found themselves on thin ice. This pandemic might be slowly dying down, but the future probably carries other issues we can’t yet predict.

Cost 158
article thumbnail

The Basics of Small Business Loans [WEBINAR]

Up and Running

Hopefully I’ll be able to add some value with some of the financing needs that your businesses may need. Then we look at what the small business financing needs. “How do I tackle my financing needs as a startup?” I think there is a process where you can participate via Twitter, or ask questions.

article thumbnail

Common Bankruptcy Law Questions Answered

The Startup Magazine

Bankruptcy is an often misunderstood practice you don’t run up debts and then just magically go bankrupt it is much more complex. Although there are a lot of rules governing what it can and can’t do, you can’t just run up debts and then get declared bankrupt so you don’t have to pay anything back. Does a bankruptcy clear all debts?

article thumbnail

Strangling Innovation: Tesla versus “Rent Seekers”

Steve Blank

Rent seekers are individuals or organizations that have succeeded with existing business models and look to the government and regulators as their first line of defense against innovative competition. They use government regulation and lawsuits to keep out new entrants with more innovative business models. Rent Seekers. No regulation?