Business Edge has helped many troubled companies in turnaround and crisis situations. Any two or three of these RED FLAGS can cause borrowers (and creditors) much aggravation, grief, and pain.
Tangibles – Cash flow issues, Unwritten business plans, Deteriorating P&L/balance sheet, Missed forecasts, No succession plans, Inattention to core management processes, Lack of integrated execution
Intangibles – Leadership issues, Finger pointing, Denial and delayed decision making, Poor communication, Short term inaction/long-term optimism, Lifestyle and character issues
Take the following assessment to determine if your business is heading south.