Assess my company’s situation
Running a business has its highs and its lows. And no matter how passionate you are, if your company’s financial health is a concern, it can be a huge source of anxiety. The reality is, the sooner you assess its overall condition, the sooner you can act to ward off trouble.
Business financial difficulties?
Going into business is great, but there will always be highs and lows. If you’re worried about your company’s financial health, know that there are resources to help you get past the bumps. The earlier you act, the easier it will be to find a viable solution to turn your numbers around. Here is a brief list of factors that may lead to financial problems for your company:
- Loss of a major client
- Significant drop in business volume
- Aggressive competition offering competitive advantages
- Falling markets in general
- Significant increase in production costs
- Excessive overhead costs
- Cash flow problems
- Major IT problems
- Costly acquisition of a competitor
- Significant threats to the company (environmental problems, lawsuits, bankrupt clients or vendors, etc.)
- Frequent absence or departure of key employees
- A high debt-to-equity ratio
- Financial data that is not up-to-date
If you are experiencing any of these situations, make an appointment with one of our experienced advisors. Consultations are completely confidential.