In this special Deep Dive episode of Konkursklubben, we explore Early Warning, a Danish program offering free business support to small and medium-sized enterprises (SMEs) in crisis. Since its launch in 2007, Early Warning has helped over 10,000 businesses across all sectors in Denmark, making it a cornerstone of entrepreneurial resilience.
A 58% success rate in saving companies from bankruptcy.
Among businesses that do close, 20% reduce their debt compared to those not receiving support.
Managed by Denmark’s municipal business development centers (Erhvervshusene) and funded by local municipalities and the Danish Business Authority.
Supported by 130+ volunteer advisors, experienced professionals offering up to six months of guidance.
Collaboration with insolvency lawyers provides expertise in restructuring, sales, or bankruptcy processes. A Proven European Solution:
Early Warning’s success has inspired adoption in 16 EU countries and is now part of EU legislation. The Psychological Dimension:
Acknowledging the emotional toll of financial crises, Early Warning advisors are trained to handle the psychological aspects of bankruptcy.
Guests Christian and Camilla discuss the importance of recognizing problems early, being honest about the situation, and seeking help proactively.
Four key phases:
Emphasizing the role of employees in turnaround efforts through transparency, shared responsibility, and strategy visualization. Confidentiality and Independence:
Early Warning operates with strict confidentiality, safeguarding all shared data under GDPR.
The program is independent of banks, auditors, lawyers, and public authorities, ensuring unbiased support.Early Warning is a lifeline for business owners, offering practical solutions and the emotional support needed to navigate crises. Whether saving a business or ensuring a dignified closure, their approach is rooted in empathy, professionalism, and a commitment to making a difference.
https://earlywarning.dk/
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