7 Signs Your Company is About to Crash

Category: Business

What Does It Take to Become a Successful Entrepreneur? Not every business takes off, and there is a handful of few that go bust within the first five years. Before this happens, there are telltale signs a company is going under. 1. The Same Results Require Double the Effort If you find yourself working the daily grind but no results to show for it, it might be time to shake things up. Does everything seem murky? Working the midnight oil but no results? If everything in your daily calendar seems to be muddled, it’s safe to assume you’re not maximizing your time—or that of your team either. Remember, you should work like a well-oiled machine in order to be successful. Lethargy points to a business entity that’s sinking. Consider your options and think of how to regain your position. 2. Your Once-Stellar Team has Lost Its Interest When a team is passionate about the work they are doing, the energy is almost contagious. If your team has lost its passion, it is usually not just an issue of motivation—or lack thereof. Dig deeper and find out what’s happening. Do they still believe in your vision? Dig, dig ad dig, until you find the reason for your team’s nonfulfillment. 3. Your PR Department is not Functioning Well Your PR department is almost defunct. The media ignores you. Journalists don’t reply to your emails. You see, journalists are in the business of covering what’s newsworthy. Are you newsworthy? Are you relevant? Is your business interesting? You have to do something that’s interesting, innovative, and fresh to be featured—if you are not, its time to contemplate what’s going wrong.