Mr. Robert has a company called Alphonso.ltd. It manufacturers cereals.But currently he is doing a very big loss in his business. He had been bankrupted once so no bank gives him a loan. He has already a investor who invested $150,000 for 40% of the company but is doing nothing and instead doing numerous phone calls and telling him to grow his business. he is already under a personal loan of $400,000 given by his friend.
His workers are asking for salaries. Mr. Robert has already mortgaged his how twice. He needs to manage $12,000,000 to save his company. What should he do?
His workers are asking for salaries. Mr. Robert has already mortgaged his how twice. He needs to manage $12,000,000 to save his company. What should he do?
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Verified answer
Answer:
he should sell the business
Explanation:
first he should sell his existing stock in minimum profit. Then he should sell the patent on his product(if he has). then he should sell the assets of his company. if he still cannot manage the money he should sell some of his personal assets. he shold then find a job andwhen he has completed paying his personal loan he shold start in bulding a new business.