RECEIVE EXCLUSIVE CONTENT ON THE VIP LIST [FREE]: https://enp.vc/listavip-yt-210 ---- In this video, Bruno de Oliveira talks about a PLAN TO SAVE YOUR COMPANY FROM DEBT FINANCIAL MANAGEMENT. Every weekend, Bruno does a poll on his Instagram (http://bit.ly/bdoinsta) opening it up for questions. These questions usually come from people who are in debt, with their company on the verge of bankruptcy. Bruno says he has been through this a few times, but since then, he has created a plan on how to save his company from bankruptcy. By following this plan, there is no way your company will go bankrupt. The 11 steps to prevent your company from going bankrupt are: 1- Identify where the bleeding is coming from The first step is to identify what the big problem is. There may be bleeding in all areas of your business, but the important thing is that you identify and stop it. So stop right now and take all of your company's financial data and put it in a spreadsheet. All of your expenses, revenues, sales... Calculate how much money you are making and identify the current problems that are causing your business to go bankrupt. 2- Communicate with your team You need to organize a meeting with your team and explain the current situation of your business, pointing out all the problems and solutions so that they are aware of the possible consequences. Make it clear that, once the situation is back to normal, they will have better salaries and working conditions. 3- Check your product margins You need to make a list of how much you have sold in the last 3 months and how much profit you have made. Every product that enters your line must be sold with the correct pricing, without generating losses. 4- Organize the Cash Flow for the next 6 months You need to organize a spreadsheet with the cash flow for the next 6 months. This way, you will be able to clearly identify how much you will have to invest in the next period. 5- Identify and map expenses that can be cut At this point, it is important to organize all the costs that need to be paid to maintain your company, from the electricity bill to suppliers. And, at the same time, organize all the costs that will not harm your company if cut, such as the purchase of new equipment. 6- Negotiate with creditors and suppliers With your business in a critical state, it is essential to focus on reducing expenses, adjusting the cash flow. To do this, you need to be clear and ask for new negotiations to avoid expenses and losses. Think of counterproposals to be able to get out of this situation without losing the supply of your products. Make it clear that, if there is no negotiation, you will not be able to pay the supplier. 7- Cut expenses You need to have everything mapped out and see which costs can and should be cut, drastically reducing your company's expenses. Cut EVERYTHING that is not essential, including employee bonuses. 8- Anticipate receipts You need cash flow and, probably, you have some capital to receive that may be worth anticipating. So, don't hesitate to look for that money that hasn't yet hit your account. With the critical state of your business, you need to have working capital at any cost. 9- Increase your cash sales Prioritize cash payments by debit or cash. At this stage, you need to take all the means that can bring immediate cash to your company. This way, you start to generate oxygen for your cash flow. 10- Renegotiate You need to renegotiate with your suppliers so that you can keep your company going for longer. Talk to all creditors and suppliers who have accepted negotiations! There is always a way to find an even more affordable solution. 11- Sell company assets You need to sell everything that is not essential to your company. You need to make money to keep your business going, so don't hold on to any assets that are not necessary. These were the 11 steps for you to solve any financial problem that may exist in your company. If you implement them, you will certainly be able to get out of your current situation and turn things around. These are just some of the strategies for managing your business intelligently. Did you like it? LIKE, COMMENT AND SHARE! #business #ecommerce #bankruptcy Ecommerce in Practice Entrepreneurship Ecommerce Bankruptcy Breaking a company Going bankrupt ----- • PLAN TO SAVE A COMPANY FROM DEBT ... ----- Get to know our Courses: https://ecommercenapratica.com/cursos... Follow Bruno de Oliveira on Instagram: http://bit.ly/bdoinsta