I think every worker survey that I've ever seen shows that employees want more time interacting with the big boss.Instead of them coming to you, you should go to them. In particular, you're in a good position to manage your income to ensure that you qualify for a S corporation bankruptcy. As I mentioned earlier, chapter thirteen bankruptcy should be your last resort to handle lenders. * When you were in my shoes, what would you be doing now to rebuild this enterprise? The guardian are going to generally be more aggressive in disposing of the available resources and your personnel than you would like. Consequently they are protected from people you owe. Further, you could include more complexity by making budgets for expenditures of goods sold including LIFO considerations. I cover the topic in detail in Lesson 15 that discusses funding your turnaround. As you can see, none of these items cost anything, but all are going to go a long way to keeping and motivating our personnel. If you are turning your company around yourself, then you must have a restructuring coach. High employee morale are going to go a long way in helping you ensure your firm's continuation.

The last three are better when the firm still has some value over its liabilities. Accordingly when your business does eventually fail, you'll have a much smaller amount to pay personally. * You may need to close your business (business owners and partnerships.) (It can moreover develop you marketable as a restructuring manager if you ever pick this career path.)