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Other causes of business bankruptcy and liquidation, aside from for poor business bookkeeping.
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[QUOTE="Jasz, post: 237152, member: 61772"] There are many causes of business bankruptcy and liquidation, aside from for poor business bookkeeping. These include: -Fraudulent activity. This is when the owner of a company is doing something illegal with the business, such as selling drugs or laundering money. -Poor management. This is when the owners or management of a company are making poor decisions and mismanaging resources, which usually results in poor sales, overspending, and more. -Lack of sales. When a business has trouble selling its products or services, it can't make enough money to pay its bills or buy more inventory. -Inability to manage cash flow. This is when the business doesn't have enough money coming in at any given time to pay its bills and other expenses like rent or payroll without going into debt. -Changes in technology that make your product obsolete or less effective than competitors' products (for example: Kodak & digital cameras). [/QUOTE]
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Other causes of business bankruptcy and liquidation, aside from for poor business bookkeeping.
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