Getting caught up with a business debt is a bit like coming down with an illness such as the flu and like the flu there are usually a few tell-tale signs along the way - you either do your best to stay fit - or you ignore them at your peril.
One of the first steps in keeping your business in good shape is to be fully up to date with all the information you need: if you're not and you're experiencing a few worrying symptoms, then you may need some help - and remember, that business debt can just as easily can be the result of a growing business as a failing one.
What to look out for
Some signs are obvious: you may be running out of cash because you're not being paid; you may have incurred extra expense through a fattening order book or you may be in danger of exceeding your overdraft limit; maybe your cheques aren't clearing; you're worried about paying your creditors, or you have the prospect of a tax bill looming. Do you get the feeling that it doesn't matter how hard you work, you never seem to take anything out of the business and that is no longer the fun it once was?
Whatever the vital signs, at Marshman Price we've seen them all before and we have the experience and expertise to help you; but, remember - the earlier we can help, the more we can do: pressing grimly on and hoping for the best while your motivation and health deteriorate is not a viable long-term strategy.