BizSugar.com › Strategy › 6 Things an Entrepreneur Must Do To Avoid Bankruptcy

Since the inception of the global meltdown, the news about businesses folding up isn’t surprising any longer. Big organizations have liquidated leaving many entrepreneurs wondering what would happen next.

Lack of finance has caused many to downsize and even cut salaries. Now the question is; “are there measures to be taken to avoid this looming bankruptcy situation?”

Many bankruptcies can be avoided by practicing good money management. Business becomes disastrous when you do not keep a close eye on your finances.