|
|
Like this article? PLEASE +1 it! |  |
|
liquidator Tagged Articles
|
How to Start Liquidation Business
| |
| Before we go into some of the first steps of how to start liquidation business practices, you must understand what exactly you will be selling. The gist of the business is simple; someone buys stock for their business to sell and cannot sell the items. When these items do not sell in time for new items to replace them, they become surplus. Surplus is bad for any company for one basic reason; it takes up space. The business with the surplus has two choices at this point. These two choices are to pay someone to dump or otherwise dispose of their excess or to sell it at a drastically reduced cost to offset their losses. The liquidator will act as a broker on behalf of the merchandiser and sell their product for them. |
|
|
Should the UK and the Eurozone adopt America’s Chapter 11 format for bankruptcy?
| |
| In America, when a company gets into difficulty it can file for what is called Chapter 11 which is named after the U.S. bankruptcy code 11. Chapter 11 is a form of bankruptcy that involves a reorganisation of a company's business affairs and assets and it generally filed by corporations that require time to restructure their debts.
In essence, Chapter 11 gives the company a fresh start, subject to the company's fulfillment of the obligations under its plan of reorganisation. Whereas in the UK, for example, a company has to either go into receivership or liquidation.
Where a company goes into liquidation the business ceases and the company's directors appoint a liquidator to sell the assets of the company in order to pay off as many of it's creditors as is possible. |
|
Other liquidator Related Articles
|
How to Start Liquidation Business
| |
| Before we go into some of the first steps of how to start liquidation business practices, you must understand what exactly you will be selling. The gist of the business is simple; someone buys stock for their business to sell and cannot sell the items. When these items do not sell in time for new items to replace them, they become surplus. Surplus is bad for any company for one basic reason; it takes up space. The business with the surplus has two choices at this point. These two choices are to pay someone to dump or otherwise dispose of their excess or to sell it at a drastically reduced cost to offset their losses. The liquidator will act as a broker on behalf of the merchandiser and sell their product for them. |
|
|
Should the UK and the Eurozone adopt America’s Chapter 11 format for bankruptcy?
| |
| In America, when a company gets into difficulty it can file for what is called Chapter 11 which is named after the U.S. bankruptcy code 11. Chapter 11 is a form of bankruptcy that involves a reorganisation of a company's business affairs and assets and it generally filed by corporations that require time to restructure their debts.
In essence, Chapter 11 gives the company a fresh start, subject to the company's fulfillment of the obligations under its plan of reorganisation. Whereas in the UK, for example, a company has to either go into receivership or liquidation.
Where a company goes into liquidation the business ceases and the company's directors appoint a liquidator to sell the assets of the company in order to pay off as many of it's creditors as is possible. |
|
|
Cash flow is king!
| |
| Cash flow is the key to business success.
The vast majority of business failures is down to bad cash flow, if not all failures for that matter!
If you want to run a good business and a successful one at that you must keep an eye on cash flow. Whilst profitability is important, profit is no good to any business unless the money you invoice to your customers is collected in full and in time!
Forget balance sheets and profit and loss accounts if you are not accounting minded, but get to grips with your business cash flow. If you lose control of your cash flow you will lose control of your business either to the bank and or the receiver/liquidator!
If anything, with most new ventures the cash flow is over optimised. It is always worth while being realistic when planning cash flow for your business. |
|
Featured Article
by: 
Internet Marketing For Travel Professionals – A Complete Guide
Using Value Stream Mapping Software
2 Traits To Create Relationship Through Your Brand - With People You've Never Met
Why You Might Not be Ready for Publicity
Finding Inspiration
Newsletter
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Popular Articles
Common Sense Stress Management
3 Pointers to Recruiting and Retaining Good Staff
Here's a great ROI
Common Sense Stress Management
3 Pointers to Recruiting and Retaining Good Staff
Here's a great ROI
Suggestions
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.