Are you sure your business is “HEALTHY”?
Many companies find themselves under financial pressure in today’s challenging and complex economic and trading environment. It is imperative that directors / owners of enterprises regularly check the “vital signs” of their business and immediately take appropriate action and decisions when it comes to light that their business is in financial distress. This allows for expert knowledge and advice to be obtained in time for a rescue plan to be drafted and implemented in order to avoid formal processes such as business rescue or the termination of the business through liquidation.
Business owners and directors should be asking themselves the following critical questions:
If your answer is No to any of the questions above, your business may be destined for troubled times and on its way to either intensive care or even worse, the morgue.
Simple tips that can be followed: