Today, as a business owner, it’s easy to believe that your company may never recover from this crisis. The search rate for “bankruptcy” and “bankruptcy attorneys” has skyrocketed in the past few weeks. Despite bailout packages and promises from government agencies, many business owners are still fearful and are preparing themselves for the worst economic…
From Authority Magazine: a Medium publication. www.medium.com As part of our series about how to become known as a thought leader in your industry, I had the pleasure of interviewing Domenic Aversa. He has worked as a crisis manager and corporate restructuring professional for more than 25 years. Domenic has advised and operated small and middle-market companies…
I have worked with hundreds of companies on the brink, and here’s what I’ve learned: weak companies have weak advisors. These three people can either ruin your business or help it flourish: your accountant, your lawyer, and your banker. What makes them weak? It’s not how much they charge you per hour or…
My feeling. My intuition. My instinct. My gut is telling me…. There is this mythology in the business world that great leaders manage Straight From The Gut! That they have this mysterious alchemy of business knowledge that tells them to always trust the magical gurgling in their tummy. All across the country, in the best…
In the coming year, corporate bankruptcy filings are certain to increase. Most of these companies will file for a Chapter 11 proceeding. This provision in the bankruptcy code is designed to help protect creditors and give the company time to reorganize itself so that it can service all of its debt obligations. This sounds noble…
Need Cash? Be Careful. The Credit World is Filled With Predators. Learn How To Tell The Difference Between a Bear, a Shark, and a Vulture. In this time of crisis, most business owners and managers are trying to figure out how to keep their company alive. The first item on their priority list is – cash.…
My Interview with Indie Reader. Discussing writing my first book and the life of an author. Click on link below. https://indiereader.com/2020/04/advice-from-ir-approved-author-domenic-aversa-spend-as-much-time-learning-about-the-publishing-marketing-selling-side-of-the-business-as-you-do-writing/
In life, we’re going to hit bumps in the road. If you own or run a business, you’re going to hit even more bumps in the road. Generally, these bumps are harmless. They’re annoying and distracting but generally we get over them. But, sometimes, there are things that we hit that we never saw coming.…
If you own a business, a little uncertainty can be exciting. However, too much uncertainty can be paralyzing. Your business may be in lockdown, but it doesn’t mean you have to be. While you are waiting to hear about government bailout packages and vaccine development, as an owner, you can be working on parts of…
There are typically many different reasons companies get into trouble — but, the reason they die is always the same. They waited too long to address their problems. I’ve worked in 45 different industries with more than 200 different companies. Every company was unique. Each had their own personality, own staff, own product and own…