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Key Strategies for Starting a New Business After Bankruptcy

Up and Running

Starting a business is difficult, but establishing a new business from scratch after filing for bankruptcy can be an even bigger challenge. Nothing is as stressful as bankruptcy. Filing bankruptcy will offer a fresh start and keep your debts behind you. How soon can you start your own business after filing for bankruptcy?

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21 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Hearpreneur

Saturn, Pontiac, and Hummer were all shuttered due to GM's bankruptcy, which occurred on June 1, 2009. Henry Sy, the guy behind the world-famous SM Malls, is a household name in the Philippines. He has also been named CEO of the Shark Group, a brand consultancy firm. It cost him $4.8B Trader's Joe is his store's name.

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The Great Retail Reinvention: How the Internet Is Reshaping the Way We Buy Clothing

View from Seed

In 2017 alone, we’ve seen widespread store closures or bankruptcies from apparel retailers, including: True Religion. Ironically, some of the most successful apparel companies are winning on the dimensions that Amazon has historically crushed other competitors on — namely personalization and product discovery. Michael Kors.

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Rebranding Your Business? Key Things To Keep In Mind

YoungUpstarts

Rebranding a business is a marketing strategy wherein a new name, design, concept, term, symbol, and combination of these elements are created for a brand. Rebranding is one way to overcome the odds of a partnership breakage or a bankruptcy, showcasing the good points of your business. Why are you rebranding your business?

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[Review] The Good Fail

YoungUpstarts

After all, Latman has seen his startup company Microworkz go from the brink of tremendous success to being shut down, have himself enter personal bankruptcy and his personal life destroyed. He’s lost 11 jobs in 12 months, been sued by the attorney general of the state of Washington , and his name and reputation dragged in the mud.

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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.

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Thinking of Filing for Bankruptcy Due to COVID-19? Here’s What to Consider

Women Entrepreneurs Can

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.