Poor decision-making and management is one of the reason that makes a business to go bankrupt but if you have a good management system and also the capital to revive such business, I believe that it is something that you can be able to make to start working.
Can you assume a bankrupted business?
- Thread starter Starmix
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- #62
Agree money matters most especially in a business that goes bankrupt. With money everything is made possible no matter how hard it would be to revive a dying business.
If I have enough experience on how to manage the business then I can take over the management position of a bankrupt business.
It is often better to ensure that we gather enough experience before we can try managing a business.
It will be a great mistake if you try to engage yourself in a business that you do not have an experience about.
Conducting research about a business to manage is phenomenal.
Before taking over the management of a bankrupt business there must be thorough research on how to make it successful.
Conducting enough research is important for the smooth running of the business.
One can even consult someone who is more experienced in order to earn some knowledge on how to make it survive again.
It is better to resurrect the business by gaining experience from people.
Yeah, one of the major causes of bankruptcy in so many business ventures is always mismanagement by the finances. If the business is not well managed the business will likely go bankrupt after some period of time.
