COVID shutdowns caused a lot of small businesses to fold during and after, even though a few entrepreneurs seemed to flourish (especially those that provided delivery services) through it. Bigger businesses upgraded their websites to increase online sales and went to Zoom meetings (and contine to do so for travel cost savings) to keep things going.
Although people are supposed to be back-at-work now, there is still a crisis in the world if business as inflation rises, regulations increase, and the economy has not yet recovered. Large and small companies continue going under for various reasons.
Wondering how to tell if the company you work for or the business you own is about to go out-of-business?
Check out these articles for employees:
- Signs Your Company Might Soon Go Belly-up from ZD Net
- 9 Red Flags that Layoffs or Closings May Be Imminent on Otterwize blog
Check out these articles for owners :
- The 4 Most Common Reasons a Small Business Fails via Investopedia (1. Financing Hurdles, 2. Inadequate Management, 3. Ineffective Business Planning, 4. Marketing Mishaps)
- Why Small Businesses Fail: Top 8 Reasons for Startup Failure by ZenBusiness
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