Business rescue and insolvency options ... Rule of six
Trade on and out
- Prevention is better than cure
- Most businesses have to juggle cash flow ...
- Decline is often ... slow ... slow ... rapid!
- Cut costs early and hard
- Be realistic with 12 month integrated financial forecasts and 12 week rolling cashflow
- Introduce last chance director/shareholder funding safely
- Record the reasons for key decisions and follow professional advice
