What is the Cause of a Business Failure?

March 5, 2012 by  
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I often wonder what went wrong when I hear “business failure” used to define a closed company. In my line of work, I’m always especially dismayed to discover that a favourite business has closed without warning. It has happened several times recently. I was pondering this when seeing a “Closed for Business” sign at a favourite […]

Should you let your Business Default?

August 12, 2011 by  
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There’s justifiable anxiety about the possibility of the US government defaulting in obligations to its creditors.  This was brought to a head with the initial inability to agree on the terms needed to raise the national debt ceiling, followed by Standard & Poor’s decision to downgrade the country’s credit rating. This situation affects all of […]

Don’t avoid talking to your business creditors

December 13, 2010 by  
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Few of us enjoy taking a call from a supplier whose bill we have been unable to pay. It’s a natural human reaction to stay away from conflict. But the situation gets worse if you do nothing about it. It’s likely, if you fail to communicate with a creditor, that you’ll get hit with the […]