You Think You Know Where Your Business is Going?

The telltale signs that a business is in trouble are fairly obvious. The outgoings are constantly in excess of the income and the turnover or forward order book is looking pretty lightweight. If you haven't got enough money in your business account to clear your debts then you could be in serious trouble. When you stop paying your bills, your suppliers will close down your lines of credit and your world will start to collapse. Don't be tempted to go to a loan shark to tide you over a difficult financial period. The best advice is to get help as soon as any cashflow problems are identified. Professional assistance may allow you to salvage the firm and put it on a firmer financial footing - your accountant should initially be your guide.