Problems in a Business

Overview

Often your experience as a business owner will let you solve many issues without assistance. But when your problems are more serious or you don't have the skills to solve them it is vital to get specialist help - and quickly.

It is a sobering fact that over 50% of all businesses in the UK wil fail because of problems with cash flow, often causing untold personal hardship to those people involved in running them and their families. The great majority of those failed businesses would still be running and making money if professional help had been sought early enough.

There are many areas of your business that may have critical issues that need addressing - these are just a few:

  • Financial
  • People/Staff
  • Sales & Marketing
  • Health & Safety
  • Legal

 

Even when your problem is less critical it can still be a good idea to use cost-effective outside assistance to let you concentrate on doing the things you do well and which are most beneficial to the business and to have someone impartial to discuss ideas with. Most owners will often only see the problems and solutions that they have already experienced previously and other problems are not seen until it is too late. By identifying problems early they are much more likely to be fixable but the longer they are allowed to take hold the harder it will be to revover.

 

Often the answer to a problem isn't immediately obvious. When sales are not coming up to expected levels this could be for a number of reasons:

 

  1. poor marketing resulting in a lack of awareness in the wider marketplace about you and your products
  2. your sales force is underperforming due to lack of good mamagement, clear sales plans or adequate sales skills
  3. a lack of incoming revenues, cashflow or investment
     

The real reasons for problems need effective diagnosis before the proper corrective actions can be taken and if they are left unattended they will get worse.  

 

Engaging Support

Signa have extensive experience of challenging - in some cases, severe - situations in many different business sectors. It is our belief that nearly every problem has a solution – so long as you recognize and diagnose the issue early enough.

If you would like  more information on how Signa can help please call us on 01494 562738 or send us a message.

Signa Ltd

15 Battingswood Gardens

Naphill

Bucks HP14 4SR

Tel: 01494 562738

info@signabusinessadvisers.com

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