decided to close the company. had a lot of financial issues. closure process is long (9 months). paid severance to employees, paid taxes then closed it down.
Decided to close the company — what should I do?
- Job title
- Front office accounting
- Sector
- Agriculture
- Organization type
- cooperative
- Joined
- Jun 2022
- Message
- 74
Doki · Incident response support · 2025
Closure: need an accountant + lawyer. Written request, tax and labor law. Do it right, then don't worry.
- Job title
- Marketing manager
- Sector
- Real estate
- Organization type
- workshop
- Joined
- Jan 2025
- Message
- 340
There's one point I'm curious about. Start with a small trial; don't commit to everything at once.
Don't hesitate to ask; those who don't ask always pay more. Correct me if I'm wrong.
I didn't know that. Pausing growth to breathe is also a strategy, nobody says that.
If it's your first time, start small; scaling comes later.
- Job title
- Marketing manager
- Sector
- Real estate
- Organization type
- 120-person company
- Joined
- Apr 2023
- Message
- 18
- Job title
- Quality control inspector
- Sector
- Textile
- Organization type
- medium-sized business
- Joined
- Aug 2024
- Message
- 162
There's a common mistake people make when doing this. Second-time founders don't make the same mistakes but find new ones.
Mistaking revenue for cash is the most expensive illusion; trust the bank account. This is my opinion, I'm not claiming it's absolute truth.
- Job title
- Customer Relations Manager
- Sector
- Law
- Organization type
- family business
- Joined
- Jul 2024
- Message
- 384
Same here. When you try to change everything at once, nothing settles.
Start with a small trial; don't commit to everything at once.
We got stuck at the same point for a while. Pausing growth to breathe is also a strategy, nobody says that.
Good luck with that.
I didn't know that. Start with a small trial; don't commit to everything at once.
Proven by experience.
- Job title
- IT manager
- Sector
- Agriculture
- Organization type
- boutique agency
- Joined
- Mar 2023
- Message
- 233
i went through the same thing.. then solutions that work at a small scale collapse when you grow; I learned this late.
To get into the details: Processes without records never improve, because you don't know what to fix.
Of course, it varies if your situation is different.
Quick summary for newcomers: Taking notes for two weeks yields better results than a six-month estimate.
If you have questions, write them; I'll answer as best I can.
- Job title
- Human Resources Specialist
- Sector
- Insurance
- Organization type
- chain store
- Joined
- Mar 2024
- Message
- 118
We experienced almost the exact same thing last year. Looking profitable on paper but having no cash in the bank is very common.
When making a decision, first look at what data you have on hand. That's all, sorry if I went on too long.
How did you solve this? btw everything goes well for the first three months; problems arise in the fourth.
The reason for failure isnt one big mistake but the accumulation of small decisions... Correct me if Im wrong.
- Job title
- Customer Relations Manager
- Sector
- Retail
- Organization type
- regional distributor
- Joined
- May 2025
- Message
- 195
Let me share what happened to me; it might be useful. Extending terms makes customers happy but turns you into a financing institution.
- Job title
- Field sales representative
- Sector
- Paper
- Organization type
- regional distributor
- Joined
- May 2024
- Message
- 207
Thanks, this was very helpful. Mistaking revenue for cash is the most expensive illusion; trust the bank account.
Quick summary for newcomers: Mistaking revenue for cash is the most expensive illusion; trust the bank account.
Proven by experience.
- Job title
- Clinic manager
- Sector
- Catering
- Organization type
- medium-sized business
- Joined
- Mar 2023
- Message
- 253
Let's separate the concepts, they're getting mixed up. If you don't write this down from the start, it leads to arguments later.
Just leaving this note, it might be useful.