Early warning signs of business distress

Answering these 10 basic questions could help you determine whether it's time to seek some advice…

Are you always short of money?

Can you pay your suppliers on time?

Are your sales going up or down?

Are you profitable? If so, is your profit growing in proportion to your sales?

Is your order book growing or shrinking?

How recently did you review your overheads? (Or for budgeting, did you just take last year's figures and add 10%?)

Do you often find there's too little of the right stock and too much of the wrong stock in the business?

What would happen if your major customers asked for a reduction in price?

How well do you know what's happening in the marketplace, and how your competitors are doing?

Do you find you're not winning business?

For a more thorough review of the state of your business, why not take a look at The Company Health Check?