Ralph & Sue

Bankruptcy in its most technical meaning is the defrayal of all the liabilities of a business, organization or a person wholly or partially for them to be able to meet all financial obligations. In business, bankruptcy is simply the downfall of your business. Though there are times that others recover after being bankrupt. It would be very hard for them to stand and establish a better business.

Bankruptcy can be avoided by staying out of debt. It may be so see to say but so hard to do. Staying out of debt is somehow impossible for others because they do not have proper strategies in handling the business. Proper strategies and long-term planning is the key for your business to be debt free. Assessing all your assets will help you in planning and making your business prosper and grow.

In our everyday lives we tend to negotiate. Like asking your parents to increase your allowance or requesting your boss for you to be granted a leave. Everyday you may be negotiating but you may never learn the skills of negotiation. Negotiations are very important in your business. It is your main tool in closing deals and winning some bids.

The first thing that you must learn when negotiating is to listen. Listen in every fact or opinion that the other party suggests. While listening, you must thoroughly understand the thing they want to say to you.. Remember that a negotiation is not argument. Always keep mind that you must also see the things that matter to them. In this way you will come up of better deals that would satisfy both parties

Welcome! We are Ralph and Sue and we’ve been business partners for almost 10 years. We’ve decided to create a blog to share our knowledge regarding business, finance and economy and to share some of our personal experiences as well. Hope you will enjoy reading our posts. Bye!