9 Signs That Your Company Is In Trouble!

Are you running your business or is your business running you?debt-crisis

The success or failure of all businesses falls directly upon the owner’s shoulders.  The wise businessman will share the success with his staff but the failures are only his or hers alone.  The buck stops with the owner.   It becomes a very lonely world when you are faced with overwhelming issues.

The way you handle issues will determine whether you are a winner or a loser!

If you are confronted with an overwhelming issue and your people are panicking while your phone calls are from creditors demanding money; your actions will define you!

Do you want to find a dark quiet room to curl up in a corner in a fetal position with your thumb in your mouth?  If so; you might be doomed!  However, if you can find that inner strength to gather your wits and regroup; you might have hope!  No one is considered a failure when they get back up and face their problems!  You are not considered a failure until you give up and quit trying!

How do you handle issues that arise from time to time?

Do you aggressively approach each and every issue in a businesslike manner or do you use the Obama administration blame dodging manner of management?   Let me assure you that if you are constantly blaming others or find yourself saying “problems; no I wasn’t aware of any problem because I was out shooting hoops” is an answer that no business person will or should accept.

The best approach is resolving every issue in a positive and confident manner.

There are a number of signs that your company is in trouble so let me identify a few:

  1. Suppliers have put you on a C.O.D. basis.
  2. Your projects have become unprofitable.
  3. You are losing sleep wondering how you are going to make payroll.
  4. You have problems collecting money owed to you by your customers.
  5. Your projected payroll on a project is nowhere close to what the ending payroll is on that job.
  6. Your success rate on your bidding projects has dropped significantly.
  7. When confronted with a problem your project manager doesn’t have a clue about what has caused the issue.
  8. You are in danger of being kicked off a project because of non-performance or shoddy workmanship.
  9. You get a phone call from one of your favorite subcontractors and he tells you that he hasn’t received a check for several months and you remember signing several checks for his company.

These are just a few signs that you need to pay attention to your business!   Any of these things that hit you and you were not aware of them is totally unacceptable!  It is a sign that your system is broken!  Your team is letting you down!

Every issue can be resolved with a few definite steps but you need to address each one with a positive mindset!

Question:  Do you have any of these issues or do you know somebody that does?

I would be interested in knowing.

Leave a Reply