They are very rare the cases when a company gets suddenly in a whole lot of trouble. Usually the sudden crash of some companies is not made by a problem, it is made by lots of smaller problems that managers should see, and take care, like:
- Staff fluctuation – employees work for your company only short periods of time
- Work related expenses rises but your cash-flow doesn`t
- Credit lines are always taken to a maximum and paying them is always done in the last moment
- Similar products appear on the market
- Your business only depends by one or two clients
- You argue with your partners more often than usual, regarding the direction of the company
- You don`t bring anything new
- Your clients pay you late
So, you should expect pretty hard times if some of the elements above are translated into your business. Good luck!!
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