Where do you think this advice came from?

Rule 1: Act early

It is easier to solve problems at an early stage. Sorting them earlier cuts their cost to your business.

Rule 2: The worst decision is no decision

Use the power of initiative and decide on your company’s future.

Rule 3: Keep talking to your...

Creditors, Bank, Business Partners, Government Agencies, Business Representative Organisation, Employees and your family. You need their support.

Rule 4: Learn from your mistakes

Look for ways of turning mistakes to your own advantage...

Rule 5: Watch out for opportunities

Keep looking ahead and explore new avenues which could reap rewards. Focus on core issues. Forget the trimmings!

Rule 6: Check which rules apply to you

Stay within with the law; protect your business from legal consequences that could put your business at risk of closure.

Rule 7: Get professional help and advice

Turning a business around is a greater challenge than everyday management. Get advice before you act

 

 

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