Even if you're a good manager, you may at times too close to a situation actually see (or want to see) what is happening. Many directors, our board simply came too late to save the company, but perhaps not the business. With a little 'better understanding of the signs of insolvency, you can see if your company into trouble.
We have increased the stress
Lets forget the financial character for a moment. How are you. If everything you dowith the real economy for a job? You lost the love that his first, when you're done? You feel really stressed, so that you feel that you can not see the wood through the trees.
Do not have a strategic plan
You know what your current plan? You know where you want the company during the next year? E 'likely that you and your managers and employees do not meet regularly. This leads to a loss of concentration and thus the direction. Without leadership is aCompanies can quickly flounder and find themselves in difficulties.
Lost payments to the Crown
There are some payments that must be done every month or so for the tax, ie income tax and VAT. Since these involuntary creditors, it is very easy to fail to make payments. In nearly all dissolved, I see, the crown is a believer. E 'therefore an important indicator that there is a financial problem in your company. If you need any advice at this point, the changes arewill save the company.
Your creditors ledger is growing
This may be because they sell more and to buy shares below the more. More likely is that it goes against the credit terms that have given, why not have the money to pay the bills. Another indication is not always change providers, because they are limited to words or even stop with a few suppliers.
Have your stock on the books thatthey can not sell
Similarly, you can guarantee your stocks will rise, or are old stocks that make up shoring up the budget of a well is actually useless SA Are you sure that you are producing products people want, or you are that counts, because you they always?
We lose people every month
Missing the personnel is obviously a problem if the key employees. Out why and let them go. One of the main causes of the problems that are leaving the staff.Maybe you need more time in the canteen. These discussions are a barometer of how people feel. Not too long for the discontent with a spread of the workforce. We have seen situations where the teams leave everything in a short time for a new company in the same market. Give your employees a reason to stop too.
Its turnover focuses too much on a client
What will you do if and when you lose this client. If you're a large producer-customerIt 'an ideal destination for a competitor who will do anything to get it. Need a widespread customer base and therefore the risk.
Your customers are now slower to pay
Just think, if you're in trouble, so could your customers. Do not work in isolation. They are part of an economy and then there is a domino effect, that is, if someone else is fighting in the chain to undergo a certain effect. You need the hard and aggressive credit control, as oftenIn cases where those who shout louder get first paid.
Have reduced their product prices to a minimum in order to get sales
This can produce a great commercial success in make-up on the short term interest. It is not something that can be long or even medium-term strategy. You must be a profit from what you sell or your company will collapse. Know your break-even selling price. If not, how can you be sure that actually make money, even before cuttingPrices.
I'm waiting for the killer event
Finally, it is believed that only an event, you can turn solve all your problems. Has taken a series of events to get you in trouble and not just something you got out of trouble too.
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