Learning From Bankruptcy: Two Key Insights For Business

YoungUpstarts

In reality, though, the worst thing is to go into bankruptcy and not learn anything from the experience. Though bankruptcy can seem catastrophic when it happens, it also gives you the opportunity to try again; this time with 20/20 hindsight.

How Ashley Stewart Bounced Back From Bankruptcy

YFS Magazine

Three years ago, thick clouds of bankruptcy loomed over
 the plus-sized womenswear retailer, Ashley Stewart. Grow Operations bankruptcy company culture leadership struggling business

5 Tips to Finding a Bankruptcy Lawyer

The Startup Magazine

When you become broke as a church mouse, filing for bankruptcy is the only escape route that is left. Making such a decision is not easy and that’s why you need to seek legal advice from a bankruptcy attorney. Bankruptcy Storm, Source: Pixabay.

If Your Business Is Hurting, Should You File for Bankruptcy?

Up and Running

If your business is considering filing for bankruptcy, read on to see how to proceed. If your business has been experiencing financial difficulty for some time, is filing for bankruptcy the appropriate step? And if so, what bankruptcy options do you have? Chapter 7 Bankruptcy.

Smart And Effective Tips For Young Entrepreneurs To Avoid Bankruptcy

YoungUpstarts

Bankruptcy is the ultimate panacea to all debt woes, whether for a business or an individual. Bankruptcy is that B-word which we all know of but we don’t prefer saying it as we all hope that we never have to go through it. million filing Chapter 7, 11, 12 and 13 bankruptcies.

Filing Bankruptcy is a Painful End to Your Startup

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.

Entrepreneurs Beware the Burdens of Bankruptcy

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.

NastyGal Files Bankruptcy: How Your Startup Can Avoid The Same Fate

YFS Magazine

Grow Operations bankruptcy Business Law business lessons e-commerceHere’s a look at three practical ways you can reinforce and shore up your business before you have to bring it back from the brink.

Bankruptcy Is Not the Easy Way Out

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.

5 Things to Know When Filing for Bankruptcy

The Startup Magazine

Although filing for bankruptcy may seem like a daunting and complicated endeavor, it can provide relief for many as a way to get out of debt. For instance, your credit score will be significantly lowered and the bankruptcy information could stay on the record.

Austin-based CoinTerra Files for Bankruptcy

SiliconHills

By LAURA LOREK Reporter with Silicon Hills News CoinTerra, once recognized as one of Austin’s fastest growing startups, has filed for Chapter 7 liquidation bankruptcy. The Austin-based bitcoin machine manufacturer filed for bankruptcy in Austin on Jan. “The move comes soon after CoinTerra […] The post Austin-based CoinTerra Files for Bankruptcy appeared first on SiliconHills.

Tripwire Marketing: From Bankruptcy to Over 1 Million Dollars in Profits in One Year

ConversionXL

In 2015, 9-figure apparel retailer Karmaloop.com filed for bankruptcy. The post Tripwire Marketing: From Bankruptcy to Over 1 Million Dollars in Profits in One Year appeared first on CXL. The company had been bleeding cash, losing six figures per month.

In 15 Years From Now Half of US Universities May Be in Bankruptcy. My Surprise Discussion with @ClayChristensen

Both Sides of the Table

“In 15 Years From Now Half of US Universities May Be in Bankruptcy.” ” Such was the quote of Clayton Christensen followed by, “… in the end I’m excited to see that happen. So pray for Harvard Business School if you wouldn’t mind.”

How to Avoid Bankruptcy in Year One of Your Business

Up and Running

Photo Credit: Flickr user TimeTrax. The amount of businesses that cannot even survive for a single year is alarming. Depending on what statistics you look at, anywhere from 4% to 25% of businesses fail in their first year of business.

Know and avoid “time bankruptcy.”

Berkonomics

Time bankruptcy results from the deliberate over-commitment of core resources. . I created the term “time bankruptcy” almost thirty years ago when the computer software business was young, and I was a software developer building a young company based upon quality first. It’s a classic case of time bankruptcy. Time bankruptcy.

7 lessons we learned from the bankruptcy of Whatser

The Next Web

Although we got some early traction, we were unable to prevent a bankruptcy from happening in October 2011.

‘We Lost It All’: How Bankruptcy And Art Therapy Led Me To Success

YFS Magazine

That defining moment, downing shots at a local sports bar on my first day of business, has become one of my favorite and yet terrifying memories. Culture art art business business challenges culture inspiration personal development startup success

Walking Away From Your Startup Can Leave Deep Scars

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.

How Your Law Firm Should Market To Millennials

The Startup Magazine

Leinart Law Firm focuses on bankruptcy and debt solution making them experts in giving legal protection granted under Chapter 7 bankruptcy laws. Thousand of bankruptcies were helped and gave clients a fresh new start.

Incorporating Your Business: Tips to Follow

The Startup Magazine

One thing’s for sure, converting your business into a corporation provides a great deal of advantages that allow you to secure your assets from cases such as a looming bankruptcy or a lawsuit.

Take Pressure Off Your Company Finances with a Debt Relief Order

The Startup Magazine

The good thing about the relief is that it is an alternative to declaring bankruptcy. The DRO is considered the most affordable alternative to bankruptcy because the liability is removed and the applicant becomes debt free.

Tackling Startup Debt Head-On

The Startup Magazine

If that isn’t an option, you’ll need to consider credit counseling, debt settlement or bankruptcy. Bankruptcy. The potential clean slate might make bankruptcy seem like an ideal option. Finance Bankruptcy consolidation loan Credit debt repayment Interest rate minimum payment

Instant Entrepreneurship: Buy a Business

The Startup Magazine

Bankruptcy trustees. Bankruptcy trustees should be able to give a list of viable businesses that are insolvent and up for sale.This is to their benefit, as you will be purchasing the business assets and not their actual debt. Entrepreneurship can take two tracks.

Miami 86

Pivot Now is Less Painful Than Turnaround Later

Startup Professionals Musings

If these challenges can’t be resolved by the existing team with “course corrections” or “pivots,” an investor will often bring in an experienced CEO to tackle the turnaround before or after bankruptcy. bankruptcy pivot startup course correction businessBy Ernst H.

5 Business Rescue Options Every Struggling Startup Should Consider

YoungUpstarts

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. By Keith Tully of Real Business Rescue.

Target Future Customers Using Financial Metrics

The Startup Magazine

This could include things like bankruptcies, judgments and liens, and should be looked into very carefully. Any kind of business transaction comes with risk, whether you are searching for investment, looking for partners, or qualifying leads.

How to Pitch, Plan, and Track Your Business with LivePlan [VIDEO]

Up and Running

Recently, Palo Alto Software CEO Sabrina Parsons hosted a webinar for our Bcast members on how to use LivePlan to create a better business plan, pitch your idea to investors, and track your business.

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Convertible Notes have a clause that the investor can ask for the money back. How often is this used?

Gust

In a worse case, if the company is really in bad shape, the investor can pretty much dictate whatever terms s/he wants, using the implied threat of otherwise forcing the company into bankruptcy because it can’t repay the debt. Invested Interests bankruptcy convertible notes investor relationshipThe question should be “used for what?”

Blockbuster – Rapid Innovation is Your Path Back

Gregg Fraley, Author of Jack's Notebook

Was sad to see the news about Blockbuster — they’re filing for bankruptcy. Tags: Inspirational Marketing bankruptcy Blockbuster Blockbuster Video business model chapter 11 Gregg Fraley Idea Generation Innovation innovation culture Jim Keyes movie rental Netflix taking action transformation It’s a Chapter 11 situation so they’ll reorganize, square away a lot of debt, and try again. So, they are not dead yet.

Death of a (software) salesman?

deal architect

Molycorp has filed for bankruptcy just a short couple of years after the world was fretting that China had a stranglehold on that. BusinessWeek had two recent stories – one was how quickly the bubble around rare earths has burst. Cloud Computing, SaaS Industry Commentary

From Distress to Success

The Entrepreneurial Mind

For you see, Mr. Guy practices bankruptcy law. Bobby has now taken what he has learned from years of practicing bankruptcy law and turned it into a book titled Distress to Success. Bankruptcy Bobby Guy Distress to Success

Priavte Startups May Get Liquidity With the Launch of SecondMarket in Israel

VC Cafe

SecondMarket will provide Israeli companies with the tools to access capital and facilitate secondary liquidity for shareholders, including bankruptcy claims, auction-rate securities, and limited partnership interests in private equity and real estate funds.

Which Is More Important – Beating Debt Or Your Credit Score?

YoungUpstarts

Debt settlement does hurt your credit, but it also usually helps you reset your financial life much faster than bankruptcy and doesn’t require you to completely flake on your creditors. Your options basically include bankruptcy via chapter 7 or chapter 13.

Hyperbolic Headlines About Silicon Valley

Feld Thoughts

And, blink three times if you realize that Netscape is now owned by Oath, which is a subsidiary of Verizon, which is headquartered in New York, and is the merger of Bell Atlantic (Philadelphia), NYNEX (New York), and GTE (which, awesomely, bought BBN, created GTE Internetworking, spun it off as Genuity after the Bell Atlantic merger, which was then acquired out of bankruptcy by Level 3 (Broomfield, Colorado – adjacent to Boulder) which is now owned by CenturyLink (Louisiana)).

Are you or your business “time bankrupt?”

Berkonomics

Time bankruptcy results from the deliberate over-commitment of core resources. I created the term “time bankruptcy” almost thirty years ago when the computer software business was young, and I was a software developer building a young company based upon quality first. Time bankruptcy.

Antonio Centeno: How This US Marine Turned Entrepreneur Earns Over $1 Million Teaching Men How To Dress Better Using YouTube

Entrepreneurs-Journey.com by Yaro Starak

In this podcast, the founder of Real Men Real Style Antonio Centeno recounts his entrepreneur's journey, from serving in the Marine Corps to bankruptcy and eventually several multi-million dollar companies.

Do You Need To Apply For A New EIN For The Same Business

YoungUpstarts

As a business owner, your business will see many changes over the years. One question you might be curious about is whether or not you will need to apply for a new EIN. The short answer to that question is yes, you might, but only depending on the circumstances of the situation.

Institutionalising the fear of failure

The Equity Kicker

Failure is a multi-headed beast, and bankruptcy is one of many things that would-be entrepreneurs have to worry about, but it sets the tone for how a nation thinks about business failure is easy for governments to change. The sad truth is that bankruptcy laws give entrepreneurs in two of Europe’s largest economies good reason to fear failure. I was shocked when I saw this table in the Economist on Friday.

An Email Apology

K9 Ventures

To date, I’ve never declared email bankruptcy — despite being advised numerous times to do so. Those that know me well know that I’m generally quite anal about email. I read every email I receive (excluding obvious spam and mass emails) and make a sincere effort to respond to as many as I can. It’s become […]. News Opinion apology email GMail

Email 66

Patent Trolls Threaten to Bankrupt Companies and Stifle Innovation

SiliconHills

By LAURA LOREK Founder of Silicon Hills News Without patent reform, Living Direct might have to file for bankruptcy, said Mark Baker, its general counsel. The online retailer, founded in 2000 now has 60 employees, and faces multiple “patent troll” lawsuits which threaten to drain it of all of its cash, Baker told a seven-person [.] The post Patent Trolls Threaten to Bankrupt Companies and Stifle Innovation appeared first on SiliconHills. Austin

Book: Am I Being Too Subtle?

Feld Thoughts

While he’s gotten lots of criticism for specific failures like the enormous take private (via a leveraged buyout) – and subsequent bankruptcy a year later – of the Tribune Company, he doesn’t dodge his mistakes in this book.

Use Course Corrections to Avoid Turnaround

Startup Professionals Musings

If these challenges can’t be resolved by the existing team with “course corrections”, an investor will often bring in an experienced CEO to tackle the “turnaround” before or after bankruptcy. By Ernst H.

6 Key Leadership Habits Required For Entrepreneurs

Startup Professionals Musings

Yet the image of leadership in business is at an all-time low, according to national leadership experts, considering the political debacles, record business bankruptcies, and executive fraud cases.