Rescue Tactics for your Business

Where are You at in Your Business?
The first thing you need to do is determine just where your business is at, at any particular time. That is, do a full assessment or appraisal. This must be done realistically, with your "feet firmly on the ground".

Sometimes it's best to work with your accountant or business adviser in this area so that you have another viewpoint available when making your assessment. At other times you may need to call in specialists for various areas of your business because they will bring in the expertise you may not possess.

It's important to carry out this appraisal periodically because, by monitoring how you are going, decisions can be made to help you avoid problems before they arise. If you find your business is not performing as well as expected, then it is important to conduct this investigation so you can formulate plans for rescuing your business.

The Big things to do to Help your Business when Struggling

  1. Cash Flow

    • Plan your cash flow closely.
    • Ask for further credit from your suppliers.
    • Ask for the credit per...

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