Business Shut Down Indicators

Why do Business Shut Down

Share:

Facebook
WhatsApp
Twitter
LinkedIn
Email

Below are the indicators which can help you in case the business is going to shut down

  1. Salary cuts are planned, and Perks are eliminated. Salary cuts mostly start with top management who takes the pay cuts first and ripples down to all the employees. Also, if the company used to be a generous workplace that starts having fewer parties, outings, and happy times these all indicate that the end is near.
  2. A noticeable sign will be resignations at the top level; as you might have heard when a ship starts to sink all the people start deserting it.
  3. In case if the communication flow changes, if earlier most of the communication used to be verbal or in-person but now happens formally via email then it’s a strong sign of something is wrong.
  4. If vendors or partners start creating noise as they are not being paid.
  5. If good leaders start to leave the organization, while the not-so-good ones stay that’s a strong indicator as well.
  6. If the organization used to be quite open but now starts having secretive closed-door meetings. If you ask what the meeting was about, and you receive vague or clear false responses things are going south for sure.
  7. The company implemented unusual cost-cutting measures which were never the part earlier.
  8. If no one cares about what work you are doing, if you are watching YouTube or on Facebook all the time, that is a clear sign of No work present in the organization.
  9. If no new requirements or projects are being signed. There is no visibility of the product roadmap or work beyond 2 – 3 months.
  10. Core Product not doing great in the market and as explained earlier new customers are not turning up
  11. You need to be more cautious if you are working in startups as history says more than 90% of startups fail, the reason could be many, but the reality is that they fail!
  12. Hirings are canceled or suspended.

Share:

Picture of Sonia Rai

Sonia Rai

Leave a Replay

On Key

Related Posts

Should a Home Business Be Restricted to Your Home image

Should a Home Business Be Restricted to Your Home

It is essential how you plan your business. This is because it will be able to determine your destiny in business. This will either be a success or a failure. Most people have yet to learn what a home business is and do not know how they will start the

post graduate certificate image

Is it worth doing the Executive Program from IIM ?

Due to the pandemic, one sector which has to go through a complete overhaul is the education sector. Whether it’s academic education or professional courses, institutions have onboarded to an e-learning platform to serve their audiences in a better and efficient way. The boom in eLearning also must be credited

How to Prepare for a Competitive Exam

How to Prepare for a Competitive Exam

How to Prepare for anything is a big question in itself. Preparing for a competitive exam can be an extremely daunting task for anyone. The stress and pressure are enough to give anyone a shiver. But, with effective study methods and strategies, this can be overcome and confidence can be

What Should You Do Before Joining A B-School

What Skills You Need before Joining IIM

Although MBA is a new stream and a tough course to learn and understand, Faculties at Colleges will teach you in a way so that you can easily grasp the Challenging concepts and implement them during assignments. But there is only one constrain Time, You will not get sufficient time

Shopping Cart

🕒 24/7 support | 📧 info@gururo.com | 📞 US/Canada Toll Free: 1714-410-1010 | IND: 080-62178271

Scroll to Top