The slippery slope from triumphant profitability to financial disaster

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Seeing a business descend from the calm of profitability to the chaos of collapse and liquidation is watching a tragedy that destroys jobs, devastates communities, and imposes losses on stakeholders such as creditors, landlords and lenders.

 

In almost every case it can be avoided with prompt and decisive action as warning signs flash up on management’s dashboard. In this article, the author looks in detail at the negative indicators and the potential solutions.

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