A business shows many signs of failure. The first of course is poor client relationships. Clients leave, the business still talks bravely. Slowly as the clients leave the cash flow dries. Market murmurs imminent death, but the management is still brave in its talk.
Some of the key people leave.
There is a cash crunch. The cash crunch is easily met with some borrowings. Past assets are flogged. The aircrafts are ‘sold’ and bought back on lease / hire purchase. After all you do not need the depreciation one argues. True more cash is available to pay salaries.
Then more senior people leave. Clients start complaining about service.
It gets worse a competitor takes away a team leader along with the most productive team.
Company uses short cuts. Fight with the Regulators. Fines. Penalties, COURT FEES.
one fine day it closes down. Read on if you wish to
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