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How to prevent business bankruptcy.
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[QUOTE="Good-Guy, post: 212289, member: 29109"] There are many ways a business or corporation could avoid bankruptcy. Please note that we must understand why bankruptcy ever happens and we must analyze the root cause of the problem before looking for the right kind of solution. One of the main reasons why bankruptcy happens is when a business fails to pay the loans back. usually businesses borrow loans that they are not able to pay back. this leads to confiscation of the mortgage by the banks. Whenever a company loses an asset, they lose a big part of their financial structure. In short, they lose money. When you lose money, you are slowly head towards bankruptcy. So a company must never borrow loans until or unless they can risk losing their asset. Secondly, one of the biggest reasons why many companies go bankrupt is because they do not plan things in a better way. They do not understand the demand of their product in the market and how they could promote the product to the public. Whenever the public loses interest in your product, the sales will drop. This is also a big reason why companies go bankrupt and these fundamental problems should be assessed by the experts in the management team. [/QUOTE]
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How to prevent business bankruptcy.
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