Comments on: How long before you know a business is going to bankrupt? http://www.smartbankruptcyguide.com/going-bankrupt/how-long-before-you-know-a-business-is-going-to-bankrupt/ Helping you make smart bankruptcy decisions Fri, 23 Sep 2011 08:10:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gravy http://www.smartbankruptcyguide.com/going-bankrupt/how-long-before-you-know-a-business-is-going-to-bankrupt/comment-page-1/#comment-1253 Gravy Sun, 31 May 2009 07:00:59 +0000 http://www.smartbankruptcyguide.com/going-bankrupt/how-long-before-you-know-a-business-is-going-to-bankrupt#comment-1253 Layoffs or reducing everyone's hours to skeleton-crew size, no new inventory coming in, owner losing weight or looking tired, suddenly raising or lowering all the prices... Offer to help promote the store. Sometimes with the excitement and promise of a new business the owners don't promote very much, or despite having the big idea don't have a creative or selling bone in their body and then the business sputters to a stand-still. At the very least it would be a comfort to them that you want to breathe some life into the place, and it might energize them as well. You guys could dream up a gift or price promotion and distribute flyers, put an ad somewhere, stand outside ringing a bell, just about anything.<br><b>References : </b><br> Layoffs or reducing everyone's hours to skeleton-crew size, no new inventory coming in, owner losing weight or looking tired, suddenly raising or lowering all the prices…

Offer to help promote the store. Sometimes with the excitement and promise of a new business the owners don't promote very much, or despite having the big idea don't have a creative or selling bone in their body and then the business sputters to a stand-still. At the very least it would be a comfort to them that you want to breathe some life into the place, and it might energize them as well.

You guys could dream up a gift or price promotion and distribute flyers, put an ad somewhere, stand outside ringing a bell, just about anything.
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]]> By: Snoopy http://www.smartbankruptcyguide.com/going-bankrupt/how-long-before-you-know-a-business-is-going-to-bankrupt/comment-page-1/#comment-1252 Snoopy Sun, 31 May 2009 06:19:59 +0000 http://www.smartbankruptcyguide.com/going-bankrupt/how-long-before-you-know-a-business-is-going-to-bankrupt#comment-1252 Warning signs: people quiting/ leaving, sales going on, talks about throwing in the towel, or people looking for a new job. If you think about it the more money they can save the less they will be in debt.<br><b>References : </b><br> Warning signs: people quiting/ leaving, sales going on, talks about throwing in the towel, or people looking for a new job. If you think about it the more money they can save the less they will be in debt.
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]]> By: Nikki H http://www.smartbankruptcyguide.com/going-bankrupt/how-long-before-you-know-a-business-is-going-to-bankrupt/comment-page-1/#comment-1251 Nikki H Sun, 31 May 2009 05:44:59 +0000 http://www.smartbankruptcyguide.com/going-bankrupt/how-long-before-you-know-a-business-is-going-to-bankrupt#comment-1251 I'm in the same situation that you are in. The things that I've noticed being in the business that I work in is that there aren't any "new" jobs coming in, accounts receivables have dropped greatly. This has been apparent to myself and a few other co workers for quite sometime, however the owner has not mentioned it. I don't know what kind of business you are in, but a drop in production do to no materials and/or account receivables is a pretty good indication, as well as cutting hours...If your in any doubt though "self preserve" and start looking for something else. Good luck.<br><b>References : </b><br> I'm in the same situation that you are in. The things that I've noticed being in the business that I work in is that there aren't any "new" jobs coming in, accounts receivables have dropped greatly. This has been apparent to myself and a few other co workers for quite sometime, however the owner has not mentioned it. I don't know what kind of business you are in, but a drop in production do to no materials and/or account receivables is a pretty good indication, as well as cutting hours…If your in any doubt though "self preserve" and start looking for something else. Good luck.
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]]> By: Ariana B http://www.smartbankruptcyguide.com/going-bankrupt/how-long-before-you-know-a-business-is-going-to-bankrupt/comment-page-1/#comment-1250 Ariana B Sun, 31 May 2009 05:09:59 +0000 http://www.smartbankruptcyguide.com/going-bankrupt/how-long-before-you-know-a-business-is-going-to-bankrupt#comment-1250 Record how much you spend, how much you earn for three months if spend is more than earn, you'll go bankrupt soon.<br><b>References : </b><br> Record how much you spend, how much you earn for three months if spend is more than earn, you'll go bankrupt soon.
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