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Business mistakes that could lead to bankruptcy.
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[QUOTE="Axis, post: 339812, member: 66672"] Bankruptcy and liquidation is obviously one of the things that a business owner must try to avoid in his or her business but the truth still remains that majority of businesses are already on the pathway of bankruptcy without actually realizing it. Preventing bankruptcy and liquidation in a business organization can be done via so many avenues and ways but the most effective way is by making sure to understand the business financial statement in order to understand whether for sure such business is growing or developing or possibly dying. Major causes of bankruptcy is when a business engage in too much credit sales of it's goods and services to customers and client. A business can also be on its way to bankruptcy if it engages in too much loan collection which makes it to be highly indebted. [/QUOTE]
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