The Business Athlete: Surviving and Thriving
3 Strengths of business leaders that can help or hinder a company’s survival
In Ireland, 98% of roughly 1,000 companies undergoing a formal insolvency process each year enter liquidation or receivership. Why is there such a slow take-up of examinership?
Statistics show that one in three business failures in the US are a restructure while our UK neighbours are one is six. This is a sharp contract to Irelands 1 in 50. Why are Irish businesses so reluctant to use the Examinership option? Reasons range from the overall cost and difficulty in raising necessary investment to difficulties faced in an examinership. Or are there other reasons?
Our experts have reviewed a company’s chance of survival in financial crisis and identified three competencies will save your business.