No one ever said going into business would be a bed of roses. It’s difficult and requires a constant attention to details. And when you’re starting out, the last thing you want to think about is the possibility of a reorganization. We understand that.
However, when things get rough, you need to be aware of all your options.
The key word here is “all“.
One of the things we have consistently noticed is a psychological dynamic with business owners that prevents them from considering options that might actually help them in the early stages of financial distress.