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Danish voluntary network to teach European businesses how to avoid bankruptcy

Lucie Rychla
June 10th, 2016


This article is more than 8 years old.

After achieving great success at home, Early Warning concepts will be applied abroad

Early Warning, a Danish voluntary network of financial advisors, will be used as a model in Cyprus to assist companies and entrepreneurs in danger of bankruptcy in turning their finances around and getting out of debt.

After nine years of successful work at home, Early Warning sells a custom-made guide to authorities on the Mediterranean island, and the network is also in talks with countries such as Brazil, Poland, Spain and the UK.

“We have made a bid for an EU project worth 38 million kroner that would implement the ideas of Early Warning in at least four European countries over the next three years,” Søren Boutrup, the chief consultant at the Danish Business Authority, told Finans.

If we win the contract, it will open the doors of the world for us.”

READ MORE: From Struggle to Success: Getting an investment, Part 1

Expert advice for free
Early Warning was established by the Danish Business Authority in 2007.

It is a network of about 100 volunteers, including experienced professionals and executives who advise companies across the country on financial issues, free of charge.

“We believe we are the absolute best in the world. It is unique for Denmark that we have a group of 100 business people volunteering for a government project nine years in a row,” Boutrup noted.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”