Jared Booth, Business Recovery Specialist for Staples Rodway shows what to look out for when it comes to future business failure.

1. JARED BOOTH
Mobile: 021 742 550
Email: jared.booth@staplesrodway.com
SEVEN INDICATORS OF
FUTURE BUSINESS FAILURE

2. Business is fun,
but also stressful.

3. WHAT ARE THE SIGNS MY
BUSINESS MAY BE IN TROUBLE?

4. 1. FAILURE TO MARKET
Business Sales
If you can’t create a market,
you’re in the wrong business

5. 2. FAILURE TO ADAPT TO A CHANGING MARKET
If you cannot adapt to change in
technology and the way that we
communicate, then the internet
becomes a ticking time bomb

6. 3. FAILURE TO UNDERSTAND THE NUMBERS
(AND MAKE A PROFIT)
Numbers are not just for tax!
Understanding whether the
business and each project is
making profit helps budget for
the future health of the company

7. 4. FAILURE TO HAVE A LEADER AND A TEAM
A manager needs to lead, but
ultimately relies on a team
Mistakes and failure are
inevitable when communication
breaks down, key decisions
aren’t made and there is a lack
of direction

8. 5. FAILURE TO MANAGE RISK
Foreign exchange
Supplier failure
Employee fraud
Client business failure
New competition
Force Majeure
Failure to protect against
exchange rate movement,
over-reliance on one client,
supplier or product line and
blind trust in employees
invites business failure

9. 6. FAILURE TO MAINTAIN ADEQUATE CAPITAL
Even if a business is profitable,
without working capital
completing projects and
covering day to day operations
can become difficult

10. 7. FAILURE TO ADMIT A PROBLEM
Even the best
product, with the
best plan can be
ahead of it’s time
Look beneath the water
for the underlying
problems, sometimes
you are best to admit
defeat, rather than
sinking more and more
into a failing venture

11. WHAT CAN I DO ABOUT IT?

12. GET HELP FROM OUR
BUSINESS RECOVERY TEAM
 Special purpose business reviews
 Workouts
 Restructuring
 Creditor compromises
 Liquidations
 Receiverships
 Voluntary Administrations

14. GET IN TOUCH
Contact one of our
business recovery,
turnaround and
liquidation specialists
https://staplesrodway.co.nz/recovery/
Auckland 09 968 9165
Hawke’s Bay 06 878 7004
Taranaki 06 757 3155
Christchurch 03 343 0599
Nationwide 09 968 9165