More and more companies are declaring Chapter 11 bankruptcy as a result of the global recession and economic slowdown. We have seen huge companies such as Lehman Brothers, Washington Mutual, Nortel Networks, General Motors and other companies succumbing to the effects of the global recession. The latest among the list includes Six Flags declaring bankruptcy. Six Flags is the world’s largest regional theme park company with about 20 theme parks operating across US, Canada and

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Recently, with the onset of the global financial crisis, there has been an increase in the number of companies declaring bankruptcies. But why do companies declare bankruptcy? What causes these companies to declare bankruptcy? As a research analyst of Chapter 11 bankruptcy filings, I’ve been involved in various Chapter 11 bankruptcy cases. And during the past reports that I’ve made, here are some of the reasons why do companies declare bankruptcies: Liquidity. Because of low

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Are you looking to set up a business but having problems with how to finance it? You’re having problems on how to get the capital funds to set up a business? There are several ways to finance a business. Find out how to source out capital funds for your business. To start a business does not necessarily mean that you always need to have cash as capital. Cash is not the only factor that you must consider before you decide to start a business venture. You will find several ways to finance a

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The business plan or the feasibility study of a business is the key to your banker’s wallet. If you plan to borrow money to start your business, it would be wise to write down your business plan first. Lenders want to know what you are going to do with their money, among other things. Makes sense right? Even if you plan to use your own capital, it is wise to write a business plan. Your business plan gives direction to your business. You would like to know where you are headed with your

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I guess you’ve been hearing salmonella, melamine, and lead-contaminated products lately. In a business, there’s a saying that consumers are always right. It’s because consumers are the lifeblood of a business. They provide profits. They keep the business alive. It’s always the right of every company to produce quality products for their consumers. One defective product can lead to tremendous losses of the company. But how do we deal if we, as consumers, get a terrible service or an

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Are you a frequent shopper of Ebay or Amazon? Online auctions have been the trend nowadays because of its convenience. But some people also take advantage of it and use it as a tool to find their scam victims. I myself have been using online auctions before when I had my buy and sell business of mobile phones. If you’re not ready to give up online auctions but you don’t want to be a scam victim either, I do suggest to take these safety tips to protect yourself and leave scammers wallowing

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There are lots of definition for the word entrepreneur. Some, they say that they were already entrepreneurs once they sold products in street or with others, they just inherited a business from their fellow entrepreneur. If you have a business, will you be automatically be called an entrepreneur? This has to be clearly defined, because these are the people who will lift this dear country of ours from poverty. From various definitions, the concept of entrepreneurship is INNOVATION. It is a new

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Today’s On the Spot Light features the 20 Richest Billionaires in Finance Industry as featured in Financial News by Matt Turner. Everyone is affected by the global financial crisis. Even the world’s richest billionaires. According to Forbes, last year, the world had 1,125 dollar billionaires. However, today that number has been decreased dramatically to a meager 793. An astounding $1.4 Trillion were wiped out and vaporized in an instant.   Topping the largest losers was Anil

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As I have mentioned in my previous article, internet business is really profitable, You may probably be one of those persons blogging for some extra money. Whether you have joined affiliate marketing, PPC, direct advertising, etc., you have probably earned some online earnings. Now, how do you invest those online earnings? One option is that you can withdraw them to your bank account and invest it offline thru the various ways of where to invest your extra cash. But another option is you can

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I’ve seen some internet business when I do my blog hops from time to time. And there are really a lot of persons making huge sums of money from their blogs and websites. As time passes, a lot of persons are addicted to blogging because aside from sharing their personal experiences and expressing their thoughts and opinions, they can also make money out from it. So why internet businesses is one of the most profitable business in the world? Let’s view my article on some of the

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Business theft has been one of the causes for a business to shut down. You don’t realize that your most trusted employees for several years suddenly would back fight you and will steal from you. Some employees are too confident to commit theft as you have built your trust with them and it won’t be obvious at first as they start pocketing little amounts of money or goods from your business. It won’t be too long, usually it will take several months that you will discover the theft being

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Most of us are employees getting paid from our day-to-day work in a company. We are somewhat ‘slaves’ by our bosses. No work no pay. It’s definitely a big satisfaction to be your own boss of your own business or company, an entrepreneur. According to Kiyosaki’s Cashflow Quadrant, it’s one of the best ways of getting out from the rat race and to achieve financial freedom – that is a shift from employee to entrepreneur. Are you thinking of getting out from being an employee to

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