Posted on
April 2, 2009
at
10:51 pm
Share any tips as to how to avoid bankruptcy while doing business
Posted on
April 3, 2009
at
12:03 am
Thnx 4 the tips...plz carry on
Posted on
April 3, 2009
at
12:45 am
Do no overspend.. Budget your finances properly.. Lessen your luxuries and be contented on what you're having..
Posted on
April 3, 2009
at
2:13 am
If you are going to save in a bank, make sure to update your account at least once a month. If you are into business, you should always know how to avoid loses in your gains.
Posted on
April 3, 2009
at
2:18 am
I think one way of avoiding bankruptcy is to know the current market trends and do a bit of forecasting. Also limit the company's expenses and make sure not to spend more than what you're earning. And I guess it also helps to formulate some means of earning more so that you can be prepared for future occurences.
Posted on
April 3, 2009
at
4:00 am
Hmmm...lots of nice and interesting comments...keep it up guys
Posted on
April 3, 2009
at
7:09 am
Cut down, cut back and live on as little as possible. If you have cable television, go without, if you have a land line and a cell phone, get rid of one of them. Shop with coupons, become as thrifty as you possibly can...your friends may refer to you as "cheap!" At least you will be avoiding bankruptcy..always go with the basic of your needs. $25.00 is a lot of money to those who don't have it, and they would gladly spend a night in a warm comfortable home without all the luxuries if they have been living in a "tent" for three months. You really learn to appreciate the important things in life when everything has been "stripped" from you.
lily Rep Points:
735
Posted on
April 3, 2009
at
8:00 am
Choose the right business structure. Keep an eye on your cashflow. Be sure to limit your expenses and do not allow your debts to exceed your assets. Implement good credit-control structures and be sure to take care before offering personal guarantees for business loans.
Posted on
April 4, 2009
at
1:14 am
Bankruptcy can be a very serious financial last resort that can leave you with years of negative financial effects to deal with. While filing bankruptcy is an option that you can use if you have nothing else to resort to, it is best to start dealing with your financial problems before you end up needing to file bankruptcy.here's some tips:1.start using a budget2.avoid extending credit card debt3.talk with your creditors4.Consolidate Debthope it helps:)
