Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
These Signs Will Tell You a Business is on the Brim of Failure
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Mellorando, post: 206681, member: 37973"] People saying that a business is on the edge of collapsing when it has no money to pay it workers, when it has no money to buy and acquire more assets, when it hurts no stock or inventory of goods, also when it goes too much liability e.g loans, when customers and clients from the outside world complain about the business, well here are other reasons or ways to know that a business is at the brim of collapsing: 1. Your customers are paying late: Late payments are a common cause of business failure as they prevent you from operating to full capacity. You may have to pay your own suppliers before receiving payment from customers, and if these incoming payments are late it compromises your finances even more. What can you do? Strengthening your payment collection system is a must, but invoice factoring can also help because you hand over control of your collection procedures to the factoring company. 2. You don’t know your business’ financial position: If you don’t know exactly how much your company owes, or is owed by your own debtors, it’s easier for it to slip into insolvency. You then run the risk of wrongful trading if you continue to operate whilst insolvent. What can you do?Management reports, including cash flow forecasts, profit and loss accounts, and your balance sheet, show the full financial position of your business. You or your accountant could use three-way forecasting using these reports to assess the full extent of the problem. 3.Loss of a key customer If you rely solely on one or two large customers and one of them leaves, it can be catastrophic for cash flow. It takes time to secure more business, but sliding into insolvency can happen very quickly and the loss of a key customer may be the start. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
These Signs Will Tell You a Business is on the Brim of Failure
Top