Dealing with difficult decisions

No matter how well you run your business, there is always a risk of something going wrong. When business owners are faced with either a bad debt, rising costs or an unforeseen event, it is easy to miss the onset of insolvency. The Covid-19 pandemic has intensified this, with many company directors busy ensuring processes are in place to comply with the ever-changing government guidelines whilst trying to maintain turnover. It is more important than ever to recognise the ‘signs of trouble’ early and prepare accordingly as survival can depend on it.