Once you receive one sign that your business may be headed to insolvency, it may seem that all your finances instantly start spiralling out of control; but giving up is out of the question. It is how you deal with this downfall that will determine the future of your career and business.
When the odds are stacked against you and your business and you see yourself heading towards corporate insolvency, the key is to never back down. Having the right mind-set is only half the battle trying to keep your head above water counts more at this stage of your business than ever before. Facing up to the problem is vital.
Some warning signs that you may be headed in the direction of corporate insolvency are as follows:
- Ceiling borrowing: Borrowing …
Read the full article at: http://talkbusinessmagazine.co.uk/2016/01/18/how-to-get-back-on-your-feet-after-business-insolvency/