Whether you’re a budding entrepreneur or the mastermind behind a renowned franchise, all companies run the risk of failure, whether it’s due to the economic downturn or a shift in the market.

From successfully managing cash flow to applying for an emergency loan, we’ve rounded up 7 ways you can save your business from a financial crisis.

1. Take an objective look at your business model

First things first: step back and take an objective look at your business to identify the underlying issues at play.

A simple SWOT analysis will help to underline your company’s strengths, weaknesses, opportunities and threats.…