I know you may wonder what this means. Yes, have you heard the saying “a stitch in time saves nine?” In business there will be times that things seem to be going down. For instance, times when: –

1. Customers are leaving,
2. Turnover is going down,
3. Cash flows are deteriorating,
4. Stock replenishing is becoming difficult,
5. Payment to creditors is tough,
6. Debtors position is deteriorating,

Even worse, it could be a combination of all these. One thing I have learnt, when any of these symptoms knock your doors, you must quickly come back to the table and find out what is the cause of the trouble. If you don’t quickly analyze the problem, the situation often times gets worse. At some point, the problem will become so bad that it may actually cause the closure of your business.

It doesn’t matter how small or big your organization is. Failure to recognize and act on these pains may lead to death. And even if the business won’t die, the cost of comeback will be very expensive.

Look at our own pride of Africa. Many years ago it was all about profits. The share price was really good.  But slowly, it started deteriorating.  Look at where it is now. We are not sure how we will even ever recover its glory. Maybe we waited too long. The cost of comeback will be expensive. Let’s be on the watch.

Quickly ever solve the problem creeping into your business. A day longer may signal the end of your business. If you do it “now” there could be hope. Share with me your experience on this subject. Up the mountain top we must go. Over to you my great people.