Recognizing and addressing business problems early is crucial for turningaround a failing enterprise or preparing it for sale. Here are some essential tips based on real experiences.
- Identify the root causes: Dr. Schmidt, a business consultant, notes that 80% of businesses realize they’re in trouble too late. To avoid this, stay informed about your company’s finances and market trends.
- Seek new perspectives: Investor Müller emphasizes the potential in troubled businesses. He and his team have ideas on how to further develop them.
- Marketing and sales: Marketer Nimmermann highlights that a well-positioned business attracts buyers. Good marketing efforts can help increase its value.
- Financial liquidity and planning: Accountant Jansen stresses the importance of good bookkeeping as the foundation for a successful sale.
- Preparing for sale: Expert Meier advises having a clear plan in place before listing your business for sale.
- Failure and sale – two sides of the same coin? Although failure and selling may seem opposite, they can be interconnected.
FAQs:
– Q: How do you save a failing business?
A: Seek new perspectives, secure financial liquidity, and actively market and sell.
– Q: How do you find and negotiate with buyers?
A: Have a clear plan, good bookkeeping, and good advisors to support the process.