What To Do When Your Business Is Turning South

As entrepreneurs, we all strive to build businesses that create value in the ecosystem, make money and help stakeholders establish a profitable venture. That does not always happen.

How to deal with a declining business

Businesses fail due to various reasons and in the worst cases can also shut down. How do you prepare yourself for such an eventuality? Here are a few things to look into.

Closures for reasons beyond your control

There are many reasons that are outside your control as an entrepreneur. There could be serious damage to your property or equipment. Even if the assets can be salvaged, this takes time and could thus interrupt cash flow.…

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