Starting a new job can broaden someone's horizons in unexpected ways. They gain greater insight into an industry, develop important connections and deepen their knowledge of a specific commercial niche. Professionals may soon come up with ideas that could fill a gap...
Year: 2024
4 signs a small business might need to file for bankruptcy
Small businesses often run on a tight budget with very little wiggle room. They count on being able to have a consistent income that covers expenses and provides a living for their owners. Ultimately, many small businesses end up having to shut down. Approximately 20%...
Matters to carefully consider in a franchise contract
When entering into a franchise agreement, a franchisee essentially obtains the rights to operate a business under the franchisor's brand and system. This complex contractual relationship involves various provisions that can significantly impact the franchisee's...
How can you protect a company’s reputation during bankruptcy?
Navigating through bankruptcy is a challenging period for any business. Maintaining a company's reputation during this time is crucial for its future recovery and success. Bankruptcy can often be perceived negatively, potentially damaging trust with customers,...
The main risks of downsizing while restructuring a business
Restructuring a business is a common undertaking in the wake of times of financial hardship. Businesses may restructure or reorganize internally or may do so in conjunction with a Chapter 11 bankruptcy filing. Business bankruptcy gives an organization an opportunity...