How to know your business is collapsing.

[Richard92]

They sales will definitely showcase the progress or otherwise of the business so as a very sensitive business owner you will know the right thing to do.

The best way you can be able to know that your business is collapsing yes through your input, your daily include to be reducing everyday and the patronage also be reducing.

 

[ahmedo24]

Sure offcourse, the only person that may not know the growth or otherwise of his or her business will be some one who is not directly monitoring the business but recieve report once in a while.

 

[eLdavis]

One major tell is the shortage of returning customers. Every business has returning customers, those who also come for their services, but once there is a decline in that and the profit coming in, it's a sure sign that something is wrong somewhere.

 

[Bousine123]

I think shortage of profits is the only possible sign you can use to realize that your business is falling. Any other thing should be low patronage.

 

[Senator]

Sure offcourse, the only person that may not know the growth or otherwise of his or her business will be some one who is not directly monitoring the business but recieve report once in a while.

That's very very correct. Actually someone who does not take care to know how his or her business is faring on a daily basis but will only be depending on reports he gets can only but be the one whose business will be destroyed

 

[ahmedo24]

That is why is very important if someone is managing a business for you the person should try to give you update on daily basis thank God that technology has made things easier.

 

[Filicit]

The fastest way to know when a business is collapsing is when you see that the business is producing lower input and low revenue

 

[FreshKaz11]

What are the things in business which signify your business is failing?I beleive shortage of profit and lack of good customers base can be one of the tangible sign your business is crashing please what are your own observation base on your previous experience

Base on my previous experience on my past business it was a sad business for me because I do go out to give people my good services it at the end I got a stipend for my service I have no choice but to quit and do something else.

 

[Ralphjoe]

What are the things in business which signify your business is failing?I beleive shortage of profit and lack of good customers base can be one of the tangible sign your business is crashing please what are your own observation base on your previous experience

Well the indicators of a business that is collapsing is that your profit will be reducing gradually and sometimes you may start seeing losses in fact losses that are long term once you start saying stuff like this you should know that your business is dying.

 

[Kunkun]

Numbers don't lie for one and a business that is not doing so well to be on the verge of collapsing would definitely have some effects on the numbers of the total operation processes

 

[Solutionav]

What are the things in business which signify your business is failing?I beleive shortage of profit and lack of good customers base can be one of the tangible sign your business is crashing please what are your own observation base on your previous experience

There are so many factors that contribute to collapsing of business, if you sell perishable goods and you don't sell them on time it might likely collapse your business and not having good profit also can affect the business

 

[Good-Person]

Businesses usually collapse when the owner does not excute the right plan at the right time. It also fails when the owner fails to plan the business the right way. financial loss and a lack of sales is the biggest sign of a business failure.

 

[Ralphjoe]

I think shortage of profits is the only possible sign you can use to realize that your business is falling. Any other thing should be low patronage.

For me I think the best way to know if my business is collapsing is when the cash flow into the business has gone solo and the outflow of cash from the business and gone so high with such kind of indication I will know that the business is up for a big collapse and then I will plan ahead for such a cool app so that I won't lose too much when the business eventually collapse.

 

[tyrim88]

There are a lot of factors that can point to the fact that the business is actually failing,when the customers are no longer coming then you really need to look at that aspect,and also the issue of complain from those you service,it is also a time to know that you need to improve.

 

[Sotherefore]

One of the ways one can understand if their business is slowly going down is that they will not be able to pay the amount of staff they have in the business organisation again .that is one of the most important sign that we must observe.

 

[Ralphjoe]

One of the ways one can understand if their business is slowly going down is that they will not be able to pay the amount of staff they have in the business organisation again .that is one of the most important sign that we must observe.

I think one of the biggest indication of a failing business to me is the fact that the business will keep on making logo loss repeatedly and once a business start making loss repeatedly there that means that the business is on its way to eat total collapse.

 

[Sotherefore]

I think one of the biggest indication of a failing business to me is the fact that the business will keep on making logo loss repeatedly and once a business start making loss repeatedly there that means that the business is on its way to eat total collapse.

Yes it is one of the symptoms that a business is about running down but this can only be detected when there is a proper accounting in the business organisation and with this they can determine what next to do.

 

[Ralphjoe]

Yes it is one of the symptoms that a business is about running down but this can only be detected when there is a proper accounting in the business organisation and with this they can determine what next to do.

Any business Enterprise that does not have a proper accounting department or an accountant is definitely not ready for a business. It is for reasons like these and other reasons that makes it's very essential for all business to have an accounting department or an accountant that will help in recording all business transactions.

 

[Setho]

If you see that you are no longer achieving your initial business goals even when you keep on changing and trying to tweak them then your idea might have failed.

 

[Sotherefore]

Any business Enterprise that does not have a proper accounting department or an accountant is definitely not ready for a business. It is for reasons like these and other reasons that makes it's very essential for all business to have an accounting department or an accountant that will help in recording all business transactions.

This is the most important factors. Accounting in a business is one of the best way to determine this. But some business claim to be succeeding even without good accounting department.