How can I tell if a business is in trouble?
There are several signs to look for, such as declining sales, cash flow issues, and high employee turnover.
What specific financial indicators should I watch for?
Key indicators include negative cash flow, increasing debt levels, and shrinking profit margins.
Are there any non-financial signs I should consider?
Yes, non-financial signs include poor customer feedback, lack of innovation, and a disengaged workforce.
What steps can a business take to recover from trouble?
A business can conduct a thorough analysis, cut unnecessary costs, and seek professional advice to create a recovery plan.
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