Am I in Trouble?

What are the warning signs of a small business, many owners of both large and small businesses become so busy extending their customer base and projecting a positive image into the market that it is easily overlooked, the tell tale warning signs of business disaster.

These crucial warnings signs can provide an overview of where the business is heading, either towards being wound up or business success. According to the Australian Securities and Investment Commissions 2006 statistical figures, over 12,000 companies had Administrators or Liquidators appointed to oversee their financial affairs.

Some of the warning signs are:

* Tax and Workers Comp not paid
* Suppliers not extending credit and having to pay COD
* Entering into payment arrangements to pay debts.
* Legal action from creditors
* Increased aged creditors
* Exceeding overdraft limit
* Rent in arrears
* Lease payments for vehicles are late
* Bookkeeping not up to date

The disappointing thing is about these businesses is that the writing was on the wall and no action was taken. If contacted early enough , solutions for these problems can be provided by contacting Quest Corporate Services. We offer a free, no obligation consultation to small businesses, to take advantage of this please call 1300 311 411 right away or email info@questcorp.com.au