Small Businesses experience financial trouble and failure at an alarming rate. Only 1 in 3 small businesses make it to their 10th anniversary. In this video we will look at 6 warning signs of impending financial trouble that can bring financial ruin, how to recognize them and what to do if you do. If recognized early, these trouble signs will give a business person the ability to correct course before disaster strikes.
6 Trouble Warning Signs Of Impending Failure In Your Small Business Or Practice
01:23 - A Failing Income Statement
01:52 - Low Cash on Hand
02:26 - Increasing Competition
02:51 - Legal Trouble
03:20 - Failure To Make Payroll
03:48 - Bookkeeping Issues
Fix these problems while they are still small before they become a business-ending crisis.
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