Can you assume a bankrupted business?

Heatman

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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?
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.
 
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Starmix

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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.
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.
 

Chibson

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I can assume a bankrupt business if the cause of bankruptcy is mismanagement. It could be restored. It already made a name and it is not hard to invite the previous customers once they see the business rise back
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.
 

Starmix

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Yes, that is one factor, another is if you lack capital and passion for your business. It is good to also do planning and innovating to update your business ,
 
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