One of the most commonly asked questions when it comes to filing bankruptcy is, “How will this impact my credit score?” People are understandably worried about their creditworthiness. After all, there are so many vital aspects of your life that are reliant on your ability to open lines of credit. From your home to your

There is a lot of debate over business survival statistics, but depending on who you ask anywhere from 50-90 percent of new businesses will fail in the first 1-5 years. This means that, as an entrepreneur, there is a very good chance that your company will face tough times at some point or another. Whether

As a business owner, it is incredibly important that you constantly assess and reassess the health of your company. Having a successful business is all about preparation and how you react to challenges, and if your company is showing signs of financial instability, then you probably need to make some major changes to right the

Cash flow – the key to success for any business – must be maintained in order for your company to be successful and remain in business. It can be difficult to continually monitor cash flow, and if your business is cyclical or seasonal, you must take extra steps to keep your cash flow positive even

Running a business successfully requires that you spend your money wisely. The best way to do this is to create a business budget that will help to plan out where your money will go, and when. This can help you to avoid a lot of financial problems, and position your business well into the future.

No business owner hopes for bankruptcy. It’s not something that anyone looks forward to and often the aftermath involves a long struggle for a business to rebuild their credit. However, the reality is that life and business are unpredictable, and sometimes, things don’t go according to plan. Business owners often find themselves in very difficult