How to Survive Near Death Business Experiences

Posted by airabongco under Strategy
From http://smallbiztrends.com 3890 days ago
Made Hot by: PMVirtual on April 7, 2014 9:11 pm

Having a business can be good but it can also be as stressful when everything starts heading downhill. Here are some ways on how to recover your business from near death experiences.

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Comments

Written by lyceum
3885 days ago

I wouldn't call it for a near "death" business experience, but it is very rough to go through bad times, ending up with a bankruptcy. I worked around the clock to try to save the business and at the end I had a hard time to get up from my bed early in the morning due to the long hours. And then taking care of all the creditors and vendors that wanted to get paid. We came to fair arrangements with almost all our suppliers, but some didn't understand our situation. As an advice to them: you never know when you are at the other side of the negotiating table... ;)

I have written a piece on my experience on the OpenForum, if you want to know what I have learned from this experience.

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