Cracow, Poland

Insolvency and Restructuring of Entrepreneurs

Upadłość i restrukturyzacja przedsiębiorców

Table of contents

Insolvency and Restructuring of Entrepreneurs at UEK

Language: Polish Studies in Polish
University website: uek.krakow.pl

Definitions and quotes

Insolvency
Insolvency is the state of being unable to pay the money owed, by a person or company, on time; those in a state of insolvency are said to be insolvent. There are two forms: cash-flow insolvency and balance-sheet insolvency.
Entrepreneurs
If you look at the typical profile of entrepreneurs, they have changed a lot. The startup companies today have pretty much been the people who survived in a very tough, Darwinian environment. It’s really a one-in-a-million thing.
Kai-Fu Lee, Chinese-American businessman, computing science researcher. ‘Google China’s Kai-Fu Lee Debuts Innovation Works’, interviewed by Rob Hof, posted on 6 September 2009, on BusinessWeek.com website.
Entrepreneurs
An entrepreneur is very enthusiastic and dances to a different drum beat, but never considers success as something which equates to personal wealth.
Dame Anita Roddick (1942–2007), British businesswoman. From her interview with Martyn Lewis, as recorded in his book, Reflections on Success (1997).
Entrepreneurs
The true entrepreneur is one who thinks laterally, about how to make a second business out of the first.
Evan Davis (British economist, journalist and presenter), Dragons’ Den: Success from Pitch to Profit (2007), Part 3: Know the Business, p. 245.
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