Directors and partners usually have an idea of what they want from their business, it's called a business plan.
The plan is usually how to grow the company, or just make it more profitable.
The one thing that all companies do at sometime or another is to take a gamble. Setting-up in business is a gamble, staying in business is a gamble. Mainly because you have to rely on others. We are all reliant on orders.
If you make a loss at the end of a week it might take you 2 more weeks just to break even.
If you make a loss at the end of a month – (I think you know where this is leading).
When you find yourself in this position it’s not the right time to take any kind of gamble.
Get an understanding of how to protect what you have.
This is the most important business plan you will ever need to understand.
The company’s assets generate the company’s profit.
Your business is no good without them, so don’t risk losing them.
Northwest Debt Solutions are here to help when business plans go wrong.
Specialising in business recovery – company restarts & protecting your company’s assets.
Northwest Debt Solutions are your Friendly insolvency consultants covering Cumbria, Lancashire, Manchester, Cheshire, West Yorkshire and the whole of the UK.
Is your insolvency advice totally free?
How does this process work?
What help can you provide?
Will I have a consultant to help me all the way?
What if I change my mind?
Do you have investors that will act quickly?
Can you arrange working capital?
What happens when I already have finance on my Plant & machinery?