Your Options when your Business Startup has a Hard Time Making Payroll

Image via WikipediaHere's a depressing little factoid: only one out of two small business startup attempts actually makes it past the fifth year. That's what the American Bankruptcy Institute says. Business owners, when this happens to them, certainly feel terrible for the circumstances they find themselves in. But they usually feel far worse for all the employees that they need to break the bad news to. A lot of the time, the only way employees can collect what is due to them is to wait in line in bankruptcy court. The thing is though that most businesses in trouble don't go belly up right away. They go through a period when things are very difficult and they just have no way of making ends meet or even make payroll.