From experience people often leave it quite late to seek outside help. We wanted to provide you with a summary of the key themes and patterns we have witnessed over the last 6 years at ABP.
Here are some of the red flags and patterns to watch out for from over 250 businesses that we have consulted with:
1. Financial Health
- Two consecutive quarters of static or reduced revenue growth
- A gap of 40% or more between projected revenue or profitability and achieved.
- When your “days of cash” dips below 3 months
- When your biggest client represents more than 20% of turnover