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

ConversionXL

DECEMBER 7, 2017

In 2015, 9-figure apparel retailer Karmaloop.com filed for bankruptcy. That’s profits generated via the existing operation and customer base with no need to fundamentally change the business or plow more money into customer acquisition. The company had been bleeding cash, losing six figures per month. They brought me in as CMO.

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Bankruptcy Marketing Campaign Intellectual Property 106

The Startup Magazine

JULY 26, 2021

Due to lockdowns, layoffs and other measures forced by the virus, some manufacturers had to pronounce bankruptcy and completely stop their business actions. These efficient drilling tools, bridge plugs and other assets can boost operational flexibility, optimize completion programs and lower total operating costs.

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Cost Technical Review Bankruptcy Lean 158

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

YoungUpstarts

SEPTEMBER 2, 2018

In reality, though, the worst thing is to go into bankruptcy and not learn anything from the experience. Though bankruptcy can seem catastrophic when it happens, it also gives you the opportunity to try again; this time with 20/20 hindsight. And yes, this is true even in the case of bankruptcy.

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Bankruptcy Government Social Media Reputation 100

The Startup Magazine

AUGUST 25, 2019

I spoke with experienced Philadelphia bankruptcy attorney David Offen, Esq. who let me know about some general pros and cons of filing bankruptcy for a business. First, what is Chapter 7 business bankruptcy? The business is then discharged of any debt in excess of the value of its assets, and the business ceases operations.

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Bankruptcy Cram Down Philadelphia Operations 75

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.

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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

YFS Magazine

APRIL 20, 2017

Three years ago, thick clouds of bankruptcy loomed over
 the plus-sized womenswear retailer, Ashley Stewart. Here's how CEO James Rhee turned things around.

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Bankruptcy Cloud Operations Leadership 118

YoungUpstarts

NOVEMBER 6, 2015

Bankruptcy is the ultimate panacea to all debt woes, whether for a business or an individual. Bankruptcy is that B-word which we all know of but we don’t prefer saying it as we all hope that we never have to go through it. Bankruptcy leaves back deep wounds both mentally and financially in the form of a trashed credit report.

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Bankruptcy Entrepreneur Finance United States 100

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.

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Bankruptcy Startup Dividend Salary 242

View from Seed

SEPTEMBER 12, 2017

In 2017 alone, we’ve seen widespread store closures or bankruptcies from apparel retailers, including: True Religion. Despite these challenges, we are very bullish that this category will yield some very important, long-lasting companies that will change the way the apparel industry operates and is experienced by consumers.

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Internet eCommerce Bankruptcy Technical Review 209

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? Is filing for bankruptcy the right decision for your company?

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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 135

Steve Blank

JULY 30, 2024

Here are the reasons: Disconnected Innovators – Most leaders of large organizations are not fluent in the new technologies and the disruptive operating concepts/business models they can create. When will disruption happen that will make our core business or operating concepts/force design obsolete?

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Government Non-Compete Ukraine Acquisition 327

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

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? Which contracts are critical for the business to continue operations? Federal Bankruptcy – Chapter 7. Second, take inventory of your contracts and agreements.

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Bankruptcy Covenant Florida Balance Sheet 179

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?

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Technical Review Software Review Bankruptcy Equity 149

Up and Running

MARCH 15, 2017

If your business has a physical storefront or operates out of offices, particularly if they contain valuable equipment, commercial property insurance is one of the first types of insurance you should consider as it protects the property that your business utilizes. Commercial property insurance. General liability insurance.

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Bankruptcy Software Review Small Business Employee 109

YoungUpstarts

OCTOBER 24, 2017

What type of behavior do you want to incentivize or discourage in your contract drafting process (for shareholder or operating agreement, employment agreement, employee manual and vendor and service agreements)? Bankruptcy? Businesses have their own culture, protocol and rules that are congruent with mission and values. Who owes what?

Partner 208

Partner Technical Review Intellectual Property Due Diligence 208

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

Both Sides of the Table

APRIL 19, 2011

I recently sat down with Matt Coffin , the founder of LowerMyBills, which sold for $400 million but was very nearly a bankruptcy only a few years early, and talked “startups.&#. I figured if Matt was on the verge of bankruptcy and one mentor changed his trajectory, what if we had a formalized, community-wide program?

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Acquisition Warrant Customer Term Sheet 304

Hearpreneur

DECEMBER 23, 2020

When it comes to changes I will be making in my business in the next year, I see us moving away from a traditional office space environment strategy we were operating under prior to the pandemic. 9- Focusing on lean operations. Photo Credit: Brandon Monaghan. Thanks to Lindsey Wander, WorldWise Tutoring LLC ! #9- 13- Focus on wellness.

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Entrepreneur Technical Review Software Review Employee 131

The Startup Magazine

APRIL 5, 2021

Declare Bankruptcy. Bankruptcy is a startup dissolution process that is often initiated by a debtor to get relief if that debtor cannot pay their debts. There are two main kinds of bankruptcy: “chapter 7” and “chapter 11”. Bankruptcy puts a halt to lawsuits and the claims of creditors, making the business more valuable. .

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Bankruptcy Silicon Valley Startup California 99

Steve Blank

MAY 16, 2024

By the early ’90s, the alarms were clanging away; bankruptcy came in 2001. It filed for bankruptcy protection in 2012, exited legacy businesses and sold off its patents before re-emerging as a sharply smaller company in 2013. Today, descendants of the KH-11 KENNEN continue to operate in orbit.

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Bankruptcy Programming Developer Silicon Valley 369

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

The Startup Magazine

MAY 23, 2017

When building a startup’s operations, some things may seem inconsequential, but they can be the difference between your business making it past the five year mark, or sinking beneath the bankruptcy seas. Generally, the more autonomous your operations, the least expensive they’ll ultimately be.

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Operations Small Business Bankruptcy Cloud 62

Startup Professionals Musings

JANUARY 18, 2016

Any unusual financial risks, including contingencies, large contracts, recent bankruptcies or credit denials on the part of any owners must be disclosed. Be prepared to present a detailed cap table, identifying by percentage all owners, investors and debtors. The business structure should be clear and simple.

Technical Review 120

Technical Review Due Diligence Cap Table Intellectual Property 120

The Startup Magazine

MAY 9, 2024

Despite securing massive funding, WeWork spiraled into bankruptcy after a debt-driven expansion, exacerbated by a pandemic-induced decline in office space demand. This overconfidence, overlooking cost structure, customer acquisition, product adoption, and operational efficiency, ultimately led to the company’s downfall.

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Burn Rate Bankruptcy Startup Metrics 88

YoungUpstarts

JULY 1, 2014

Bankruptcies, foreclosures, charge offs and late payments are frowned upon. Evan Singer leads the operational, tactical and strategic activities associated with SmartBiz , the company’s small business loan product. Maintain good credit. Be sure to pay your bills on time. Be prepared to describe spending plans in detail.

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SBA Bankruptcy Small Business Software Review 154

The Startup Magazine

MARCH 17, 2020

Essentially, a business aims to generate profits from its operations. However, if your venture is operating in debt, its viability can be impacted. Sequestration or Bankruptcy. You can also consider the option of sequestration or bankruptcy when you cannot pay your debts that are due. Trust Deed.

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Bankruptcy Finance Operations Management 99

The Equity Kicker

AUGUST 29, 2012

The basic problem is illustrated by the story of Chargify (from WSJ ): for some, the "freemium" strategy is turning out to be a costly trap, leaving them with higher operating costs and thousands of freeloaders. Within a year, the company was on the path to bankruptcy. Most Chargify users never became paying customers.

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Bankruptcy Software Review LLC Business Model 100

YoungUpstarts

JULY 16, 2020

If you are currently operating your business as a sole proprietorship, this means that your business doesn’t really “exist” as a separate legal entity from yourself. If your business is unable to weather the current economic storm and has to close or file bankruptcy, you can be held personally liable for any outstanding debts.

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LLC Bankruptcy Venture Capital Stock 255

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. The most expensive cost right off the bat is the time commitment when compared to the minimum capital and operational cost. Photo credit: Ty Crandall. Thanks to Jessica Randhawa, The Forked Spoon ! #7-

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Technical Review Entrepreneur Software Review SEO 146

Steve Blank

MARCH 15, 2017

I had taken the job of VP of Marketing in a company emerging from bankruptcy. But what I wanted was an agile marketing team capable of operating independently without day-to-day direction. I told him that I had learned long ago that to keep that from happening, you need to on-board/train your team about mission and intent.

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Startup PR Public Relations Channel 329

YoungUpstarts

JUNE 11, 2019

Alongside with the lease on your office space and your team salaries, these are your most important operational expenses. Bankruptcy. Declaring bankruptcy isn’t the end of the world. Giving bonuses to your team, getting new equipment, ordering supplies in bulk and improving your infrastructure are all worthy goals and causes.

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Finance Bankruptcy Startup Angel Investor 149

The Startup Magazine

SEPTEMBER 26, 2022

This could result in fines, bankruptcy, or jail time. If you’re unable to provide adequate working conditions for your staff, either due to lack of care or money, then your company should cease operating until you improve your safety standards. Why is Accident Prevention Important in the Workplace?

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Bankruptcy United States Startup Employee 120