What to Do When Your Company is Failing

If your company is failing or just in trouble, the first step to save it is to make sure you understand your current cash flow situation. And, the only way you can do that is by making sure you have the proper financial tracking and measurement tools in place.

Beyond that, there are many other strategies that can help save an ailing company. If you need some tips, I recommend that you read an article by Entrepreneur and Author Dale Galvin.

In the article, Galvin presents 12 crucial ways to get your business back on the right track. The strategies range from moving to a cheaper office and outsourcing to reorganizing staff and liquidating. According to Galvin you should, “Use it up, wear it out, make it do or do without!” Ask yourself, what can generate immediate cash?

Taking steps like these requires commitment to making some difficult changes but it will be worth it in the end because it will make your company stronger. To read this helpful article, click here.

If your company is in trouble and you need additional help getting back on track, feel free to give me a call at 214-957-3278 or email me at jackpryor@b2bcfo.com.

photo credit: Diari La Veu – http://diarilaveu.com 172142467 via photopin (license)

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