Every business has its good days and its bad days. A distressed company usually shows signs of trouble which are reoccurring and not industry specific. If you recognize the warning signs below in your business or one that you know, acting promptly to identify and implement the right solution can help get the company back on the road to recovery.
10 Warning Signs:
1. Income statement related:
- Losses or lack of profitability
- Collecting A/R
- Steady rise in A/R on collecting outstanding debt and obligations
- Bad debt increasing