Going bankrupt is not a lot of fun for anyone, personally or if you need to declare a business bankruptcy.<\/p>\n
Before you get so far into the red with your business, you might want to think ahead and have some contingency plans in place if you face tough times down the road. The economy today is not in super condition and we are actually facing a rather serious recession.<\/p>\n
In a recession many things happen, not the least of which is people stop buying items they view as “extras.” There isn’t much in the way of discretional funds to spend on things that people once didn\u2019t think twice about buying. Keep that in mind if you are in business during a recession and your product or service is something people deem “nice but not really needed right now.” You may face an uphill battle to stay in business, so having an alternative plan (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Going bankrupt is not a lot of fun for anyone, personally or if you need to declare a business bankruptcy. Before you get so far into the red with your business, you might want to think ahead and have some…<\/span><\/p>\n