If your business is currently in a precarious financial position, you may be faced with some tough decisions ahead. It is unfortunate yet inevitable that during economic downturns small and medium-sized companies will struggle.
You should not give up hope, however.
If you adopt a positive and active approach, you may find that your business is salvageable. At the very least, you will mitigate any risks to yourself. Here are a few tips for when your company is at risk of going under.
Evaluate Your Financial Position
It will be difficult for you to judge what you should to with your company without getting a clear picture of its finances.…Continue reading