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Business Turnaround podcast

Liquidation – The Last Resort in a Business Turnaround

26 Sep 2024

Description

Liquidation is often seen as the last, unwanted resort. It's the word that no business owner wants to hear, and the option we all hope we can avoid. But sometimes, after exploring every avenue, every turnaround strategy, liquidation becomes the most pragmatic choice. And while it's never easy, it can be the cleanest and most responsible way to minimize losses, clear debts, and free up resources for new projects.

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