I am happy to report that I am now back in the black with a healthy balance of £100k. I have only 23 cyclists and have sacked my youth scout. I am not learning any skills for my trainer however.
going forward I need to sign a new sponsorship deal; is it better to sign a longer 4 year deal with £40k up front and £18k each week or go shorter for a 1 year deal with £80k and 12K/week? (or even 2 years with £60k and 15k/week).
Also with the new multi-skill considerations is it worth training my coach in a different skill or continue with mono-skilling? I could also get a new coach of course!
Sorry if I should have posted these questions in a different thread?
Post by pawelkepien on Nov 24, 2013 13:54:31 GMT 1
Sorry for pulling out an old topic but I'd like to ask about the ammount which is taken into account when calculating the bankruptcy. Does the current balance or the estimated balance have to be below -500k? I mean if I'd buy merchandise now my estimated balance will be below -500k, but when it will be sold during the update, my current balance will be "only" -140k. But the question is whether the bankruptcy is calculated before or after selling the merchandise? I suppose that after it, but I'd be grateful for confirmation as it's crucial for me now
Thanks Genomico. In some older threads from year 200x I've found an information that your current balance have to be below -500k before an update to go bankrupt. Anyway I didn't want to test this theory on myself and I bought merchandise in an amount which didn't drop my estimated balance below -500k. That way I've lost about 140k of income from supporters but on the other hand I didn't lose everything and I'm still alive Next few weeks will be difficult for me but in last days I've managed to lower my weekly costs from 540k to 390k so there is still some chance to survive...