Page 2 - How To Avoid Going Bust In Business

Table of Contents

Introduction

Why do businesses fail?

Starting Out: How To Get Set Up To Succeed

Develop a business plan

Straws In The Wind

How To Avoid Getting Into Financial Hot Water In The First Place

The Balance Sheet Test

Things are bad - so what do you do about it?

When The Going Gets Tough, The Tough Take a Break

Now for the real work

The Start Of The Long Hard Climb

Thoughts For The Future

Conclusion

The Author

Introduction

In this book I will give you a secret on how to beat bankruptcy. It isn’t my own idea.
It was given to me by a man who sent many companies to the wall. He also saved a
lot of businesses and with it a lot of other people’s money.

You can use it, and the other tools in this book, to keep a weather eye on your
finances and avoid a business failure that can destroy more than just your financial
position. Families have broken up, homes lost, reputations shattered. Even lives
ended.

The tragedy is that business owners often don’t see the disaster coming. It’s not
until there’s a knock on the door- from a debt collector, a bailiff, or an angry creditor
– that the awful truth dawns on them. At that point it is often all over, red rover.