Mikes smithen
Verified member
Of course every business owner or manager wants his or her business to grow and develop and never get close to liquidation or bankruptcy. However there are so many things that could make a business go bankrupt which every business owner must take note of and try to avoid even the most slightest sight of it. When a business organization engage in too many loan collection without having a motive or a plan to repay when do you such business might face bankruptcy when it liability exposure becomes very high.
When a business organization does not sell and render high quality goods and services which can go a long way to win the interest and loyalty or customers and clients, such business will make no revenue and as time goes on it will go bankrupt. Last of all, when a business organization does not have a prior motive towards goals and objectives achievements, such business can mismanage resources available and yet lead to bankruptcy and liquidation.
When a business organization does not sell and render high quality goods and services which can go a long way to win the interest and loyalty or customers and clients, such business will make no revenue and as time goes on it will go bankrupt. Last of all, when a business organization does not have a prior motive towards goals and objectives achievements, such business can mismanage resources available and yet lead to bankruptcy and liquidation.