Prepare Orderly Shutdown Plan
A Step in a Management Maneuver in the Mezzanine Stage of Startup Development
Preparing an orderly shutdown plan is a step in preparing to navigate a cash crisis. It's important to have a plan ready, so that it can be triggered when the duties of management switch toward the creditors, rather than the shareholders, and the shutdown process and be implemented quickly and with minimal stress.
This step is completed when an action plan is created, identifying the steps involved and assigning tasks to specific individuals and organizations.
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