Help! My Business is Failing ... What Can I Do?

I want to talk about what you can do if your business is failing.

You actually have a number of choices when your business begins to fail.  You can cut costs.  You can lay off employees.  You can cut down on advertising or increase advertising.  You can offer discounts to the public to bring in new business.
Those may or may not be good ideas, but what happens when none of those things work?  What happens if your business is shut down, like during the coronavirus pandemic?  What happens when you reopen but can’t catch up on the past due bills?
And, what happens if you, the owner, are personally liable for those bills?

Bankruptcy offers some real options for small businesses to keep operating and to allow the owner to keep earning an income from the business.  This is especially important if the owner is personally liable for the rent, utilities, and other payments, which is the case for most small businesses.

Business bankruptcies are complicated and require expertise in the law from your attorney.  But filing bankruptcy does not have to mean you go out of business.

Please call me at (805) 446-6262 and we will talk about how to keep your business in business.