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What is left of detroit. Pension fund, union and debtholders scrambling for their cut after the city declared itself bankrupt. But what is happening in detroit may not stay there. It could have big implications for the rest of us. With us now from the Frontline Strategy company and with yard advisors. I am going to start with you, this is one of the most talked about bankruptcies before it even happens and certainly the largest that happened not too long ago. What do you make of this . It is a tale of two cities if you dont mind me. Stockton was a perfect storm of a very intense time of oversp...

The breadmaker. >> load it up in the night and you will have fresh bread in the morning. and the guests have the smell. >> and then next was a phone call from salem, utah, who is one of the top sites for online bookings. >> i want to introduce you to jeff bryce who has reservations specifically for inns like this. meter et erica. >> hi, jeff. >> we will match up the site to your experience there, and allow the guests to book right online. >> sounds great. >> what are your thoughts and fears and changing over? >> i'm a little nervous, because i am used to getting that personal contact and sense...

0 the time and fielding all of the phone calls. >> as she went through the long list of jobs, the problem with the way she ran the business became incredibly clear. >> your inn is the classic model that in many businesses that struggle in growing to the next level are stuck like this. you are the yoowner in the midd. what i want to do is to transfer this into a traditional organizational chart. until we start to push you up the org chart, you won't be managing the business, but running in the minutia. >> an owner needs to understand the big picture and that is where mike's picture revealed imp...

Delongi bread maker, nice. >> you can make fresh bread. >> then the skype call came in. it was jeff bryce from reservation neck us in salem, utah. his company make once of the top systems for online booking. >> erica, i want to introduce you to jeff bryce of resnexus. he does reservations for inns just like this. >> erica, good to meet you. >> good to meet you, jeff. >> we'll match up your reservation page to our website and showcase your experience and allow get guests to book right on line. >> it sounds great. >> what's your thoughts? fears, changing over? >> i'm a little nervous sfloo what ...

my desk. i'm a 35-year-old female who purchased an inn. i drive an old car. i work seven days a week. i never get away. well, we decided this connecticut inn is in need of a "your business" makeover. that's coming up next on "your business." hi, there, everyone. i'm j.j. ramberg and welcome to "your business." this show's dedicated to giving you tips and advice to help your small business grow. recently we received a letter from a woman entrepreneur in trouble. she's the sole owner of a small bed and breakfast inn in connecticut. we called her up and after talking with her we knew ...