Is there anybody out there ? SECOND CHANGE ENTREPRENURSHIP
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Transcript of Is there anybody out there ? SECOND CHANGE ENTREPRENURSHIP
Is there anybody out there ?
Corinne Reynders
At this point in the plot, the album's protagonist, Pink is attempting to reach anybody outside of his self-built wall. The repeated question "Is there anybody out there?" suggests that no response is heard.
Pink Floyd
• Our experiences with companies and people who went bankrupt
• Consequences of failure not acknowledged • Obstacles were never displayed • No services are provided for this target
group • My duty to expose this today
This presentation is about
Intermediate Step
Entrepreneurs at a crossroads
Tussenstap =Expert center for companies in difficulties
At different stages of the problem• Before Bankruptcy :
How to save the company? Business Emergency Treatment Legal interventions (chapter 11)
• During Bankruptcy : Rights FAQ
• After Bankruptcy Human level Legal level
1 2 543
6
Crisis
Prevention Recovery
2006 2007 2008 2009 2010 2011 2012 (extrap.)
0
2000
4000
6000
8000
10000
12000
7558 76138434
9466 956610138
10618.8
Prevalence of bancruptcy in Belgium (source : www.graydon.be)
2006 2007 2008 2009 2010 2011 2012 (extrap.)
0
1000
2000
3000
4000
5000
6000
34193880
4110
4816 4870 48975287.2
Prevalence of bankrupcy in Flanders (source : www.graydon.be)
number of
bankruptcies
Year
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Location of the
company
3.6944.021 4.168 4.329 4.154 3.893 3.992 4.273 4.983 4.918 4.908
Flemish Region
Brussels-Capital Region
1.2531.211 1.248 1.291 1.388 1.501 1.485 1.813 1.788 1.915 2.348
Walloon Region
2.1471.990 2.177 2.315 2.336 2.222 2.201 2.390 2.649 2.737 2.968
BELGIUM
7.094
7.222 7.593 7.935 7.878 7.616 7.678 8.476 9.420 9.570 10.22
4
”Success is standing up once more”.
Robert Anthony
orientation1
orientation 2
synthesis
SyntraVlaanderen
Entrepreneurship works
VDAB
Tussenstap
Intake
Orientation1
Orientation2
Synthesis
Financial situation
Arrange the debts
Aspirations for the future
History of the
bankruptcy
PDP
No access to finance
Job employee
Alternatives in finance
Business concept/ide
a
PAP
Arrangements with the
curator
Compose a dossier for financial access
Intake
Orientation 1
Orientation 2
Synthesis
Access to finance ; the red line in the
process
synthese On-derne-men
werkt OW
Syntra VL
VDAB (leeg) Totaal
Aantal 314 106 37 168 3 314
% 1 0.338 0.118 0.535 0.01 1
25
75
125
175
225
275
325 314
106
37
168
3
314
Outcome after orientation proces
Damaged credibility: identification of the entrepreneur with his business
Damaged credibility as manager: banks refuse to open current account, being
blacklisted haunts many entrepreneurs for many years Social stigma :
unfounded suspicion of fraud During bankruptcy:
receiver’s decisions affect property and income After bankruptcy:
start from scratch or even worse. Uncertainty about remaining / standing debts after bankruptcy.
Bottlenecks for access to credit
Problems mapped After bankruptcy some entrepreneurs get stuck
Poverty follows bankruptcy
Immobilization by bankruptcy procedure
Psychological processing crashes by lack of appropriate care
Lack of minimal banking service
Health problems neglected
After bancruptcy most self-employed get hopelessly stuck
Poverty follows bankruptcy
Unfinished bankruptcy causes
troubles
Unpredictability of terms and
outstanding debts
High need for free advice
Unreachability and immobility
Psychological grieving process crashes
Damaged self-image
Tendency to withdraw, fear of
government
Helplessness positioned at
curator and Justice
Difficult opening of bank account
Presumption of financial
incompetence
60% of the Flemish perceive failed as
fraudsters
Bankrupts are unprofitable customers
Health problems enhance social
exclusion
Long term stress undermines
health
Failed often lack health insurance
Small businesses higly depend on
few persons
1. No continuation of the reintegration project:• provide no help to find out which
is the next step in his/her carrier
2. Non (or poor) access to finance
3. Graydon : 3,5 till 9 years before they restart
4. No multiproblem approach is provided, although the indications are obvious
Is there any-bodyout there ?
THANK YOU FOR YOUR ATTENTION
CORINNE Reyndersprofessional coachproject coordinator