Insolvency is a nightmare no business owner would ever want to have. Every businessman wants the venture to grow, to expand, to succeed and ultimately to earn bigger profits. But not all business hopefuls are blessed with the good fortune to have stable, income generating business ventures. Many businesses are added to the insolvent and bankrupt statistics everyday.
Company Voluntary Arrangement 101
It is not uncommon to see businesses and companies close shop. There is no surefire formula to keep any business from floundering. Poor management and negative cash flow problems that can cause a business to experience financial difficulties can be easily dealt with. However, events such as natural calamities and a slump in the market are beyond the capacity of any business owner to overcome.
Business Bankruptcy
Insolvency of companies can brought about by huge debts, mismanagement and current economic trends. This is the underlying rationale for applying for business bankruptcy.
Causes Of Business Insolvency
It is a known fact that only about 50% of small businesses continue to exist after about three years from being formed. There are many reasons for this occurrence but the foremost explanation is business failure. Business failure does not happen only to small start-ups but also to big businesses that have been set up for quite some time and have experienced a moderate measure of success.
Save Thousands by Prepaying your Mortgage
Sometimes you may find yourself with extra money at the end of the month or have unexpected income.
And you may consider destining that surplus to paying off your mortgage sooner…
5 Simple Tips For Getting Out Of Debt In 2006!
Is credit card debt driving you crazy? Spent too much this holiday season?
Well, youre definitely not alone. Credit card debt is a way of life these days. Especially now, right after the holidays!
For many people, money gets REAL tight this time of year we need to pay for all the holiday gifts, get ready for tax season
Ahhhh!
What can you do if debt has taken over your life?
Make getting out of debt your New Years Resolution for 2006!
Here are 5 simple …
The Home Based Business Phobia: An Analysis
An in-depth analysis of the fears and misconceptions surrounding home based business, and tips on overcoming those fears. Offers insight on the pro’s and cons of home business, avoiding scams, researching programs and smart investing.