Signs to be aware of
Is your company in trouble? The following list covers some of the situations that could indicate that your company is experiencing financial problems.
- Loss of a major client
- Noticeable drop in business
- Aggressive competitors offering competitive advantages
- Generally shrinking market
- Major increase in production costs
- Overly high fixed costs
- Major computer problems
- Overpriced acquisition of a competitor
- Major threats to the company (environmental problems, lawsuit, bankruptcy
of a client or supplier, etc.)
- Frequent absence or departure of key personnel
- High debt ratio
- Outdated financial information
- Problems obtaining financing
If you are dealing with one or several of these situations, you would do well to speak to one of our counsellors. The sooner you act, the sooner you’ll be able to implement a viable solution. Contact an office near you for a free, confidential consultation.
