Changes in the economy, society, or market conditions can cause sales and profits to decrease. Businesses can be significantly damaged, or in extreme cases, cease trading if this stage isn't managed properly.
Businesses in the decline stage of the life cycle will be challenged with falling sales, profits, and negative cash flow. The biggest issue is how long the business can support a negative cash flow. Ask, is it time to move on to the final stage of the life cycle and exit your business, or can it be turned around?
How we can help
Search for new opportunities and business ventures. Cutting costs and finding ways to sustain cash flow are vital for the declining stage.
Find out more about what advice and support we can provide at this stage by clicking on the links below:
- alternative ways of extracing profit
- cut your utility bills
- dispense with dispensibles
- don’t fall into the credit trap
- effective time management
- employing your spouse
- how not to succeed in business
- how to protect your business when your customers go under
- how would the euro effect your business
- improve your debt collections
- insolvency reforms
- is your business as healthly as it appears
- protect your goodwill
- reducing the cost of stress
- staying on your feet
- understanding what your customers really want
- bad debt relief
- benefits in kind and non taxable benefits
- can you cut your interest payments?
- child tax credit and working tax credit
- don’t pay to much national insurance
- group VAT registration
- loan calculator
- tax and the company car
- tax free gifts to staff
- tax treatment of mobile phones and computers
- VAT fuel scale charges