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Small and medium-sized enterprises (SMEs)

Entrepreneurs – Some inspiration

2nd chance entrepreneurs in action

 

Quotes

"If I have a thousand ideas and only one turns out to be good, I am satisfied" -  Alfred Nobel

 

Alfred Lanfer

Hervé Lecesne

Manuela Mutschler

Cristian Rovira

Friedrich Stummer

Jacqueline Dubernet

Josef Zotter

Michele Zanor

Alfred Lanfer

"Applying for insolvency is probably the hardest decision in a businessman's life. But in an emergency, this is what you must do if you are a responsible person. There is no need to be ashamed, since this is the right thing to do from the entrepreneurial viewpoint. You create a better position for a new start - after all, insolvency may mark the end of a business but not necessarily the end of an entrepreneur."

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Hervé Lecesne

"My advice is: in a crisis, withdraw from the first row and gain some distance. It is the only way to clear your head and make the really important decisions without being distracted by the pressure of daily cash-flow and management problems. Reorganising a business is not an everyday situation; get the support of experienced consultants, at least for the negotiations with banks and suppliers."

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Manuela Mutschler

"The most important point is to act quickly and decisively to keep problems from growing. Too many entrepreneurs suffer for far too long because they fear the stigma of failure. They are worn out by futile effort and they lose strength and courage in the process."

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Cristian Rovira

"You must be believe in your business, which is why you can be easily seduced into overly optimistic planning. If things do not turn out as you expected, the crucial point is to accept problems for what they are instead of procrastinating - even if your company is somehow like your baby."

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Friedrich Stummer

"My advice to entrepreneurs is to keep checking your connection with your bank. We had been with the same bank for decades, and were unaware that our interests no longer coincided with those of the bank. Companies change, and so do banks' priorities. The bank you work well with today might not be the right financing partner in a few months or years. In the event of a crisis, this may be a matter of life or death."

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Jacqueline Dubernet

"By all means get comfort and emotional support from your family and friends, but do get expert advice, too! This will allow you to objectively analyse the true causes of your difficulties and identify what you need to do next. I want all of you to take courage, for my personal experience has taught me that while nothing in life is achieved forever, nothing is lost altogether, either."

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Josef Zotter

"Don't let yourself be dominated by fear of failure, as this will obstruct your view of the opportunities. If you are afraid of failing, success will be born of fear. But fear is the wrong motor, the wrong driving force. Unfortunately, too many people bury their entrepreneurial potential after a first failed attempt. You need stamina to learn from your mistakes and try again."

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Michele Zanor

"Don't be afraid to ask for help. This is the first step towards finding a way out. I don't just mean help with operational matters and negotiations but also psychological support. Never underestimate the mental pressure at this stage."

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