Very few
companies implode like a supernova. All too often the distress signals are
visible for some time before the flame out.
Such signals may include erratic ordering patterns, consistent delays in settling invoices even repeated failure to return calls or answer emails are all "early wanrning" indicators that the company may be in serious touble.
When faced
with mounting problems it is highly likely that the solutions will of necessity
be painful. However, radical and decisive surgery is often the only way to
ensure a patient’s survival.
Many
companies adopt the Mr Micawber attitude that “something will turn up”. In the
overwhelming majority of such cases the only people likely to turn up are the
administrators/liquidators.
Be it
merely inertia or fear of addressing the problem issues, the outcome will
inevitably remain the same.
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