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Why Startups Are Ready For A Reboot

YoungUpstarts

Most startups have been competent in managing their cash burn by determining how they spend and utilizing government subsidies to meet their goals. NBC News points out several companies that filed for bankruptcy during the later months of the crisis. Businesses have had to look for more creative means for funding their success.

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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. And yes, this is true even in the case of bankruptcy.

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Common Bankruptcy Law Questions Answered

The Startup Magazine

Bankruptcy is an often misunderstood practice you don’t run up debts and then just magically go bankrupt it is much more complex. Although there are a lot of rules governing what it can and can’t do, you can’t just run up debts and then get declared bankrupt so you don’t have to pay anything back. Does a bankruptcy clear all debts?

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David Stanger of Westmarq Real Estate Group: Short Sales Helpful Even in Bankruptcy

The Startup Magazine

As someone with years of experience and education in the industry, he can tell you that bankruptcy should not rule out the short sale option. The short answer is: yes, you can proceed with the sale despite having filed for bankruptcy. Don’t Let Bankruptcy Get in The Way. There May Be Incentives.

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6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

Rather than seeking private funding, the company’s owners obtained funds through DARPA (Defense Advanced Research Projects Agency), committing them to building products for government use. Today UEC Electronics has increased its workforce more than tenfold, from that original 10 to now 115, and is considered a key government contractor.

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7 Ways to Improve the Financial Management of Your Business

The Startup Magazine

As a result, being unaware of regular expenses can lead to overspending, cash flow problems, and even bankruptcy. Unexpected events like market downturns and changes in government regulations can impact your business’s financial stability. To get started, you can create a system for tracking your daily expenses.

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Why Acceptance of Failure is Critical to Startup Success

Both Sides of the Table

In France in some ways it was worse because if you failed as a startup founder you shouldered personal liabilities that don’t exist in the US under our bankruptcy laws. So I wondered out loud with the president if the government wanted to encourage more entrepreneurship — was there a way to help promote more of a culture accepting of failure?