Running a Business: Shutting shop

Close your business as soon as warning signs appear getting closer


- Don't wait. Don't bleed anymore. Close the business when you see a trend of:

Falling sales, being late on payments, being cash-light all the time, permanent overdraft, over-reliant on a couple of big customers who have started to exploit the situation, notice after notice, etc.


- Before you close, make a note of these (and solutions): Liabilities, guarantees you have signed, bankruptcy arrangements, creditor negotiations, etc.


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