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How To Know When Your Small Business Is In Financial Distress

One of the leading causes of small business failure is financial distress.

Occasionally, businesses are unable to meet their financial obligations such as paying employees, suppliers etc.

But when it becomes a frequent occurrence, then such business suffers from financial distress.

This is usually caused by economic downturns (due to external factors like the COVID-19 pandemic or government policy), high costs, poor financial management, loss of revenue etc.

Unfortunately, business owners fail to realize that their businesses are in trouble until it’s too late.

In this article, we would share five (5) signs of financial distress to watch for in your small business.

Why Your Business Needs To Advertise On Social Media

It is no longer enough for small businesses to rely solely on organic posts to succeed on social media.

Those days are long gone.

Today, organic post engagements, comments and likes are fast declining.

Social media platform algorithms are changing and limiting the reach of organic posts to only a few people.

So how do you expect your business to reach more people, attract new leads and succeed on social media?

The answer is to advertise.

4 Reasons Your Small Business Needs A Growth Plan

Every business owner wants to grow their business, but most of them never set a plan for how they want to achieve that growth.

They take step after step to achieve growth, but because these steps are not coordinated, they fail to succeed.

Growing a business is hard work. It requires time, effort and capital.

And the best way to succeed and up your chances of success is to create a clear picture of what that growth looks like and how you intend to get there.

A growth plan does this for your business.

Contracts & Agreements Made Easy Vol. 3

Does your business involve preparing contracts and agreements?Do you have to scramble for your lawyer each time you need a contract or agreement to complete a transaction?Would you like to improve your bottom line by saving them the money you now spend on your contracts and agreements?Then, grab the final copy of the volume for only N4,999 today!!!

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The SME Coach

Empowering Entrepreneurs To Scale Their Small And Medium Enterprises To Become Sustainable And Self-Managing Businesses!

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