When we mention closing a business down we are not talking just shutting the doors alone. Jay Findling - J Finn Industries, LLC - New Jersey Businessman well known for valuable advice concerning business closure. He says that business closure involves the owner, business financiers and the customers as well. The customers must be informed and their work finished. A large number of business owners can post a notification in the local newspapers to reach the numerous customers he has.
In circumstances where you cannot fulfill the contracts, you will need to return back their payments. When you are not in a position to do the refunds you can discuss with the clients to reach a payment plan that you can stick to. Your business friends dealing with the same services or products can be useful to help complete these tasks.
Contracts need also to be sorted as well. You can discuss on terminating the contract with your customers. Some contracts – foreseeing this – have terms and conditions of terminating the contract which will require that the initiating party pays for the costs involved. If you are able to do the payments then please do. In hard situations where you cannot afford paying you will need to be humble enough, approach the customer and ask them to terminate the contract. J Finn Industries, LLC is a friend in this instance. All these can be a pleasant move if you hand all the business closure activities. Make the step now.
By Jay Findling, New Jersey Businessman
J Finn Industries, LLC is a friend in this instance. All these can be a pleasant move if you hand all the business closure activities. Make the step now.
