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Top Five Mistakes Small Business Owners Are Making During Pandemic

YoungUpstarts

As the owner of a debt mitigation company, I have never seen such a wide variety of issues plaguing the fiscal health of small business owners. Some businesses are open, while others are closed but trying to reopen while the remainder are waiting for the government to allow them to reopen. No Dialogue with Commercial Landlord.

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Small Business Startup Advice: What You Need To Know About Bankruptcy

YoungUpstarts

As you are working on your small business startup, it is very likely that the last thing you want to be thinking about is the potential for bankruptcy. After all, bankruptcy is very often associated with failure and you don’t want to cloud your vision with thoughts about potential collapse. What is Bankruptcy?

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Financial Management: 7 Steps To Getting Your Small Business Debt-Free

The Startup Magazine

The Federal Reserve found that 70% of small businesses have unpaid debt, with 21% registering $25,000 to $100,000 in debt, according to Fundera. Interestingly, debt can significantly boost business growth. Whether you are new in business or an established entrepreneur, you need to be diligent with your finances.

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How to Build Credit 101 for Small Business Owners

Up and Running

Many businesses, both large and small, rely on borrowed capital to fuel growth and fund other business initiatives. This means small business owners need to understand how their credit impacts their ability to borrow more than the average consumer looking to purchase a house or buy a new car.

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Finding Hope After Bankruptcy: The Road to Financial Redemption

Women Entrepreneurs Can

Going through bankruptcy in business can feel like you’re stuck in a deep hole, wondering if you’ll ever see the light again. In this blog, we’ll discuss what comes after bankruptcy and how you can start rebuilding your business. Businesses might file for bankruptcy for many reasons.

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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 to rebuild your finances and credit after bankruptcy.

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5 Options To Consider Before Giving Up On A Business

Startup Professionals Musings

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.