but of course failure of bad business, rather than good business right??
as the freed up resources could hopefully be better used by good, sustainable firms with good future.
Key challenge is abundance of bad information or lack of good information/data that arrive in the timely manner...
It always baffles me why even big firms would have months if not years saying they are doing great with turnover hundreds of millions but then suddenly would say they needed more Cash desperately that week!?? Surely Cash management is key!!!??? maybe it is time to think of something that is "beyond auditing" but "actively monitoring"... we should be able to find out the firms in dire trouble and make Jon's dream come true!!! They can't hide by playing with various domicile/accounting standards or transfer pricing etc.
Founder/CEO of GamBond®, (creating new billion/trillion $ financial vertical) (essentially we guarantee companies that do not fail by monitoring their cash flow+cash reserve vs outstanding risks vs market & industry benchmark) Yup, provide a real alternative for companies of being rated, listed or audited.
As a hobby, I focus on highest level of networking with CXOs (CEO,CFO,CIO/CTO, Snr. HR directors of firms with £3m+/$5m+ profits min.) across all sectors, verticals and countries.
Strategist: Board Advisor to mid market firms to capitalise on cross industry niches from devising strategy to market expansions (from Financial, FMCGs, to social gaming gambling TV/ Entertainment industries).