YoungUpstarts

OCTOBER 24, 2017

Think about your employee and ownership hats. 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? Must you wear both simultaneously? Who owes what?

Partner 208

Partner Technical Review Intellectual Property Due Diligence 208

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. The best person who can champion your brand is you and your employees. Select a few of your employees who will take part or be in-charge of your rebranding. Why are you rebranding your business?

Technical Review 149

Technical Review Software Review Bankruptcy Equity 149

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.

Bankruptcy 242

Bankruptcy Startup Dividend Salary 242

Up and Running

MARCH 15, 2017

When it comes to insuring your business, factors like your location, industry, and the number of employees can all affect what coverages are applicable. That could be anything from a slip-and-fall to one of your employees accidentally spilling coffee on their laptop. Do you have employees? Commercial property insurance.

Bankruptcy 109

Bankruptcy Software Review Small Business Employee 109

YoungUpstarts

JULY 18, 2019

According to the Organization for Economic Co-operation and Development (OECD), there is double the number of entrepreneurs with no employees as compared to entrepreneurs who have employees. However, there will be a time that you’ll need to hire at least one employee in most cases. The Background Check. but abroad?

Hiring 127

Hiring Employee Entrepreneur Bankruptcy 127

The Startup Magazine

SEPTEMBER 26, 2022

What Happens After an Employee is Injured in the Workplace? Note that worker’s compensation insurance doesn’t just support your employees; it also provides liability coverage if the employee decides to sue. This could result in fines, bankruptcy, or jail time. Image Source: Unsplash. Use a Top-Down Approach.

Bankruptcy 122

Bankruptcy United States Startup Employee 122

Steve Blank

MARCH 15, 2017

When organizations are small (startups, small teams in companies and government agencies) early employees share a mission (why they come to work, what they need to do while they are at work, and how they will know they have succeeded). I had taken the job of VP of Marketing in a company emerging from bankruptcy. Why Do You Work Here?

Startup 310

Startup PR Public Relations Channel 310

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-

Technical Review 143

Technical Review Entrepreneur Software Review SEO 143

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.

Bankruptcy 128

Bankruptcy Salary Operations Employee 128

YoungUpstarts

DECEMBER 2, 2014

companies can no longer afford to provide group health insurance to their employees. And both employers and employees alike have tried to make the most of a bad situation. In fact, since 2000, more than 10 million Americans have filed personal bankruptcy due to their employers’ failed health insurance plan. We said it.

Software Review 224

Software Review Employee Retention Government 224

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. For example, one part of your infrastructure is the employee working environment you create. The Abstract Angle.

Operations 62

Operations Small Business Bankruptcy Cloud 62

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.

Bankruptcy 100

Bankruptcy Software Review LLC Business Model 100

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

Both Sides of the Table

SEPTEMBER 8, 2010

Psychologist as the CEO of Employees – Everybody wants to work somewhere “that is not political&# but that place only exists in a mythical utopian island. My first company was founded in Ireland, headquartered in England and had country operations in the UK, France & Germany.

Ireland 319

Ireland Sales Bankruptcy Germany 319

YoungUpstarts

SEPTEMBER 12, 2014

When you hear the question “What type of background checks should my small business run on employees?” Quite simply, a small business requires a lot less organization than a big one, so guidelines for things like employee background checks are often a bit looser and more relaxed. The truth is, however, there is no such barrier.

Small Business 171

Small Business Employee Reputation Bankruptcy 171

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.

LLC 255

LLC Bankruptcy Venture Capital Stock 255

The Startup Magazine

MAY 19, 2020

In addition to helping you, your employees will also not have to bear the brunt of the times if you plan well in advance. In such a scenario, if you do not find a quick replacement, it can stop the overall operation of the companies having drastic consequences. Employee care. Cover disaster.

Bankruptcy 164

Bankruptcy Employee Salary Reputation 164

Both Sides of the Table

APRIL 26, 2016

The key to being able to run a business that isn’t yet profitable (on operating margin) is availability of capital to finance losses and preferably at a cost that isn’t too punitive to the founders and employees. Poorly calculated LTVs can become BVs (bankruptcy values).

Metrics 150

Metrics Cost Acquisition Startup 150

View from Seed

MAY 28, 2020

The food supply chain has been rattled with distribution shifting from restaurants to grocery and with food production bottlenecks resulting from fewer employees at work. Meat processing companies across the country have paused operations at plants where workers have tested positive for COVID.

Memphis 256

Memphis Distribution Bankruptcy Operations 256

Up and Running

NOVEMBER 12, 2014

Common exit strategies include being acquired by another company, the sale of equity, or a management or employee buyout. Management buyout: If you’ve built a business whose legacy you want to see continued long after you’re gone, you may want to consider turning to your employees. Who needs an exit strategy?

Exit Strategy 117

Exit Strategy Lock-up Period Merger IPO 117

YoungUpstarts

AUGUST 28, 2013

When your business is failing and bankruptcy seems imminent it can be easy to trick yourself into thinking there are no options left, especially if you have poor business credit and a multitude of financial obligations and debts to deal with. – employees, investors, suppliers etc.) Company Voluntary Arrangement (CVA). Conclusion.

United Kingdom 185

United Kingdom Phoenix Bankruptcy Startup 185

YoungUpstarts

JULY 2, 2020

And this mercilessly pushes them toward the bankruptcy. And the reason behind its bankruptcy will be obscured sales. A well-reputed brand, offering consumers a qualitative product and paying adequate attention to promotion, may also end up without any profit if the sales department has inexperienced employees.

Bankruptcy 173

Bankruptcy Sales Distribution Global 173

YoungUpstarts

JUNE 27, 2018

Although budget may be tighter in the first twelve months after the business formation and CEOs might feel the need to neglect certain departments to save money, legal services are a necessity rather than an option and continuing operations without them can pose many risks down the road. – Drafting employee agreements.

Intellectual Property 100

Intellectual Property Non-Compete Startup Bankruptcy 100

The Startup Magazine

SEPTEMBER 2, 2020

Membership in the BBB is voluntary, and businesses pay fees based on how many full-time employees they have. If the company is local, there might be a Google Business section next to the search with location information, rating and reviews, hours of operation, and other useful information. Google Business Interests.

Bankruptcy 90

Bankruptcy Reputation Search Naming 90

YoungUpstarts

DECEMBER 19, 2016

One solution that merits serious consideration is turning your operation into a franchise-focused business. Managing their own locations and employees, and the opportunity to grow their own business, gives them the incentive to succeed. Investing in company outlets means more inventory, real estate, and hiring more employees.

Social Media 100

Social Media Non-Compete Bankruptcy Campaign 100

Board Effect

JUNE 15, 2021

Therefore, a nonprofit may not permit any of its income or assets to benefit insiders, such as board members, officers, directors and important employees. An organization that regularly operates a trade or business that is unrelated to the nonprofit and makes significant contributions to the organization would need to pay taxes.

Government 119

Government Bankruptcy Community Stock 119

YoungUpstarts

JULY 25, 2016

Collections, delinquencies, and bankruptcies stay on your credit report for up to 7 years, but their impact lessens over time. Most lenders will only disqualify applicants who have had bankruptcies in the last 2-3 years. With time comes better knowledge of your business’ operating costs. You can build business credit over time.

SBA 100

SBA Bankruptcy Finance Revenue 100

YoungUpstarts

JULY 2, 2014

They must not only manage employees, customers and operations, but also develop brand recognition, differentiate themselves from competitors, and acquire and retain profitable customers. Bankruptcy information. The benefits of becoming a franchisee. It can be a lonely world out there for independent, small business owners.

Bankruptcy 168

Bankruptcy Operations Affiliate Networking 168

YoungUpstarts

JUNE 10, 2018

As the capabilities of this technology strengthens, its use in daily manufacturing operations such as planning, monitoring and controlling of the shop floor, and customer services will also be massive. 0 entails a comprehensive digital integration that will disrupt and challenge not only employees but also CEOs and upper management.

Agile 100

Agile Analytics Cloud Bankruptcy 100

YoungUpstarts

NOVEMBER 13, 2017

The company was seven years old, had over one hundred employees, and produced about fifteen products. Every employee I walked past looked scared and beaten down. Their collective ignorance started the company down a path that sounded smart but pushed them toward bankruptcy. It was also $6 million in debt.

Bankruptcy 113

Bankruptcy Sales Engineer Employee 113

Feld Thoughts

AUGUST 20, 2012

I read a few articles over the weekend about OnLive potentially going out of business, potentially screwing its employees, and a few other things. It’s painful and sucks when you are part of a company that fails (I know from experience – I’ve been there many times) – whether you are a founder, employee, or investor.

Recapitalization 136

Recapitalization Stock Options Vesting Equity 136

YoungUpstarts

JULY 22, 2015

I’ve been investing in, buying and restructuring small businesses for over 20 years and it’s a passion of mine to see everyone succeed from employees to shareholders, owners and investors. Inspire Employee Engagement Year Round. by Ted Karkus, CEO of Prophase Labs. Along these lines I had Prophase Labs launch an allergy medicine.

Startup 100

Startup Bankruptcy Campaign Demand 100

YoungUpstarts

JUNE 20, 2013

They become especially hard to ignore when you consider the fact that less than 30 percent of businesses last more than 10 years, and most failures happen within the first few years of operation. First, great procedures and processes need controls, and these in turn create great employees. Now, don’t get me wrong.

Leadership 203

Leadership .Net Bankruptcy Operations 203

YoungUpstarts

OCTOBER 15, 2012

They become especially hard to ignore when you consider the fact that less than 30 percent of businesses last more than 10 years, and most failures happen within the first few years of operation. First, great procedures and processes need controls, and these in turn create great employees. Now, don’t get me wrong.

Leadership 196

Leadership .Net Bankruptcy Operations 196

Both Sides of the Table

MAY 23, 2010

If no financing happened then this “note&# may not be converted and thus would be senior to the equity of the company in the case of a bankruptcy or asset sale. You might have legitimate concerns that warrant not funding the ongoing operations. It starts as a debt instrument (e.g. But piers are often counter productive.

Startup 290

Startup Burn Rate Warrant Bankruptcy 290

Up and Running

AUGUST 25, 2015

Identify what business employees filing taxes work for. Essentially, any business that has employees needs to obtain one, but depending on such things as the type of tax return you file, you may need one even if you have no employees. Do you operate a business as a corporation or a partnership?

Bankruptcy 60

Bankruptcy United States Operations Employee 60

Ben's Blog

DECEMBER 5, 2012

However, bringing in the right kind of experience at the right time can mean the difference between bankruptcy and glory. Even if nobody beats you to the punch, no matter how beautiful your dream most employees will lose faith after the first five or six years of not achieving it. Let’s go back to the first part of the question.

PR 78

PR Hiring Engineer Bankruptcy 78