Keep Up With Global Black News

Sign up to our newsletter to get the latest updates and events from the leading Afro-Diaspora publisher straight to your inbox.

Avatar photo
BY Mildred Europa Taylor, 7:41am August 13, 2018,

Six ways to avoid bankruptcy as a young entrepreneur

Avatar photo
by Mildred Europa Taylor, 7:41am August 13, 2018,

Six ways to avoid bankruptcy as a young entrepreneur

A business meeting — Massachusetts Black Women Attorneys

Evaluate Your Assets and Customer List

A business that has been in operation for a while may have transferable assets that a similar company would like to buy. It is advisable to take a complete inventory of everything your company owns.

According to financial expert, Jon Paul Kelly, selling off unused equipment can help bring in some extra cash. He also recommends examining your customer list to check if there are any customers who you could transfer to a similar company.

Last Edited by:Nduta Waweru Updated: August 13, 2018

Conversations

Must Read

Connect with us

Join our Mailing List to Receive Updates

Face2face Africa | Afrobeatz+ | BlackStars

Keep Up With Global Black News and Events

Sign up to our newsletter to get the latest updates and events from the leading Afro-Diaspora publisher straight to your inbox, plus our curated weekly brief with top stories across our platforms.

No, Thank You