How to Avoid Bankruptcy
As this is a forum to discuss about Business Bankruptcy, here are three ways to avoid bankruptcy (novices can think particularly startups):
1. Hire a CFO who can get money from a bank or an asset management company to resume the operations or to re-invest in certain areas that would renew the business and also make it more profitable.
2. Hire a CEO who can change the strategy while selling some stocks to a partner.
3. Indemnify the company (which insurance companies do) way before the company gets into a sick condition.
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