Can you assume a bankrupted business?

[SHAHID987]

Although it is very difficult, but it is challenging too and some people like to accept challenges, if I get that type of business I will introduce some innovative things in it and start showing profit.

 

[Starmix]

There's always a chance for a business thats going down thru the initiative of the owner. He can add his capital or retrench workers.

 

[Chibson]

Of course if I see a lot of opportunities in such a business i will assume it. there are a lot of corrections that can be made to make it successful.

 

[Starmix]

I do assume too to give it a try, who knows it will be the right thing. There are ways to revive a business that is slowly dying thru adding capital and revision of the business plans.

 

[Bisolami]

Can you dare assume a bankrupted business? For me, I can assume. I make renovations and change the business name to a better and lucky one. If the business is assumed it's value may be less. It's better to assume it to interested business man rather than to have no single return at all. What about you?

This is true and it is a smart move for anyone who knows how to run a business perfectly

 

[Starmix]

This is true and it is a smart move for anyone who knows how to run a business perfectly

That is right, that business also has its name and people can easily find it. If the new owner wants to change the name he should indicate the first name of his assumed business.

 

[Bisolami]

That is right, that business also has its name and people can easily find it. If the new owner wants to change the name he should indicate the first name of his assumed business.

It's sad that some entrepreneurs do not know about it because I know of a business that has failed but I think what you said could be of help to them

 

[Springtime]

Find out the causes of why the company went bankrupt. Is it due to selling products no long meet with customer needs, poor customer service, poor financial management or external threats such as Covid. Knowing the cause of the problem helps you to decide if the bankrupt company can be saved, and what strategies should be implemented to save it.

 

[Chibson]

I do assume too to give it a try, who knows it will be the right thing. There are ways to revive a business that is slowly dying thru adding capital and revision of the business plans.

It is actually possible to make such businesses successful again. you need to invest some capital into it little by little and before you know it, it may succeed.

 

[Starmix]

It is actually possible to make such businesses successful again. you need to invest some capital into it little by little and before you know it, it may succeed.

We really need a huge capital. We have to buy all the remaining contents, buy an insurance policy, the unpaid bills and the reconstruction of the store.

 

[Chibson]

We really need a huge capital. We have to buy all the remaining contents, buy an insurance policy, the unpaid bills and the reconstruction of the store.

the level of investment you are going to make for such a business will be much. Buying an insurance premium is a good idea.

 

[Starmix]

the level of investment you are going to make for such a business will be much. Buying an insurance premium is a good idea.

It is not easy to assume a bankrupted business. It seems you start from the very beginning. But with money, it would be possible.

 

[Chibson]

It is not easy to assume a bankrupted business. It seems you start from the very beginning. But with money, it would be possible.

If such a business have potentials and you are knowledgeable about the business you will likely make a lot of profit in the long run. It may not be easy but it may be lucrative.

 

[Starmix]

If such a business have potentials and you are knowledgeable about the business you will likely make a lot of profit in the long run. It may not be easy but it may be lucrative.

That is true, but the first thing to do is to ask about the cause of failure, the products available, the buyers, the workers, the rent if rented, or the bills if not paid. Foremost, the tax and the name of the owner need to be replaced.

 

[Chibson]

That is true, but the first thing to do is to ask about the cause of failure, the products available, the buyers, the workers, the rent if rented, or the bills if not paid. Foremost, the tax and the name of the owner need to be replaced.

Yeah, everything about the business needs to be replaced if you really want to succeed on it. The business may have failed because of some certain times.

 

[Bisolami]

Find out the causes of why the company went bankrupt. Is it due to selling products no long meet with customer needs, poor customer service, poor financial management or external threats such as Covid. Knowing the cause of the problem helps you to decide if the bankrupt company can be saved, and what strategies should be implemented to save it.

Finding out the reason for the bankrupt is a very important thing if truly the person wants to get to the root of the matter

 

[Chibson]

Finding out the reason for the bankrupt is a very important thing if truly the person wants to get to the root of the matter

Of course before you assume such a business you must find out the reason why it went bankrupt in the first place.

 

[Starmix]

Yeah, everything about the business needs to be replaced if you really want to succeed on it. The business may have failed because of some certain times.

It's good to investigate as to the cause to avoid repeating the same problem. Planning must be assessed if on the right track.

 

[Passiveearner]

Can you dare assume a bankrupted business? For me, I can assume. I make renovations and change the business name to a better and lucky one. If the business is assumed it's value may be less. It's better to assume it to interested business man rather than to have no single return at all. What about you?

I think that some people may want to buy such kind of business. However, most of the invests would not consider buying or investing in a business that went bankrupt.

 

[Starmix]

I think that some people may want to buy such kind of business. However, most of the invests would not consider buying or investing in a business that went bankrupt.

It depends on the interest of the other party if assumed. There might be a good plan awaiting to that failed business.