Thread by @enothMbeine

What are the telltale signs that your biz is going the downward spiral? When biz is going the downward trajectory, there are usually early warning signals to look out for & can help you deal with the matter before it gets out of hand!
#Entrepreneur
#businessgrowth
Courtsey image

1/11 When you realize customers complaints are on the increase, your are dealing with length queues, and worst case, you have lost some of your key customers that you heavily relied on. This is detrimental to the business cashflow!
#entrepreneurship
#businessgrowth
#business

2/11 Your sales are steadily declining, hence affecting your profitability. This is is a clear sign that things are not going well!
#businessgrowth
#Entrepreneur
#businessowner
#salestips
@PSF_Uganda
@newsUMA
@USSIAssociation
@UNCCI_UG
@UMIUganda
@UWEAL_Ug

3/11 There is a liquidity crisis in the business, you are constantly having cashflow issues. Also paying your suppliers is becoming a problem.
#business
#smallbusiness
#Entrepreneurship
#businessgrowth
#cashflow
#liquidity
@PSF_Uganda
@newsUMA
@UNCCI_UG
@ugandainvest
@UWEAL_Ug

4/11 Morale of the workers is at an all time low! There is also unexplained increased staff absenteeism. This is a sign that all is not well in the biz!
#entrepreneurship
#Entrepreneur
#EmployeeEngagement
#businessgrowth
#HumanResources
#business
@PSF_Uganda
@newsUMA
@UNCCI_UG

5/11 Some of your top employees are leaving the business & joining your competitors! Be worry!
#entrepreneurship
#Competition
#businessgrowth
#Entrepreneur
@PSF_Uganda
@newsUMA
@USSIAssociation
@UNCCI_UG
@UWEAL_Ug

6/11 The business is incurring alot of operating costs, with some costs coming up due to mistakes or sheer carelessness, or are unnecessary ie tax penalties, utilities reconnection fees, bank fines for bounced cheques etc.
#entrepreneurship
#smallbusiness
@PSF_Uganda
@newsUMA

7/11 Directors of the business are forfeiting their salary to help the biz go through the tough times is also another clear sign that things are not rosy!
#entrepreneurship
#directors
#entrepreneurship
#SmallBusiness
@PSF_Uganda
@newsUMA
@UWEAL_Ug
@UMIUganda
@USSIAssociation

8/11 Management is always in "fire-fighting" mode & as a biz owner, you are dealing with more problems than you can handle on a daily instead of focusing on growing your business. This is a strong sign the biz is failing!
#entrepreneurship
#SmallBusiness
@PSF_Uganda
@newsUMA

9/11 As a business owner, you are no longer passionate about the business! There is no more zeal & interest. You are no longer excited about the biz! If this happens, its time to restrategize!
#Passion
#SmallBusiness
#Entrepreneur
@PSF_Uganda
@newsUMA
@UWEAL_Ug
@USSIAssociation

10/11 Your bank will not let you borrow more money! They will have seen how your account is fairing & that things are not good! Ooh oh! This is not a good sign at all!
#Entrepreneur
#businessowner
#businessgrowth
#FinancialCrisis
@PSF_Uganda
@newsUMA
@UWEAL_Ug
@USSIAssociation

11/11 Your competitors are doing way much better than you! They are increasingly eating up into your market share. Here is the time to "wake up"!
#Entrepreneur
#SmallBusiness
#markets
#businessgrowth
#Competition
@PSF_Uganda
@newsUMA
@UWEAL_Ug
@USSIAssociation
@UNCCI_UG