Mika
VIP Contributor
Not selling enough products to sustain your business is one of the main reasons for a business to go bankrupt. However, there are also other reasons. Fraud, outdated products, and mismanagement can bring even giants crypto companies like FTX, Celsius and video rental service like Blockbuster down to their knees. If you want to save yourself from bankruptcy, you need to learn from the mistakes committed by the businesses in your industry. Run your business with integrity, stay innovative, keep your running costs low, avoid unnecessary spending, and manage finances wisely. Remember, a healthy company can easily avoid the bankruptcy blues.
