Five things to do when your business is in trouble – Canadian Investor

Reaching out for business advice when we’re in trouble can be hard but if we do it soon enough, it can be so much easier on our bank account

She was worried because her business was in a downward spiral. She didn’t know if she could turn it around, and she was reaching out to me for help. She was at the end of her rope and the tears were flowing. Faced with business challenges, I spread myself too thin and was stressed out and run down. I didn’t think I had anyone to share the anxiety of my challenges with on more than just a superficial level. I kept my worries and shame inside.

You might know what your margin is, but understanding what you can do to improve it is a totally different consideration.

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