Symptoms indicating an immediate crisis
A long period of business stagnation
Your business has been showing deterioration of financial results for six months. You change the team, but nothing changes, just new faces around you. Employees are skeptical and blame each other. Methods that used to be helpful, don't work anymore.
Business is obsolete
You feel that your competitors are a step ahead in the business system efficiency, they are faster to adopt new technologies and approaches. But these changes seem to be difficult for you, your strategy can't keep up with the market and its opportunities.
The company started to lose to its competitors
Your company has been keeping a good position for a long time, but the situation has changed for the worse, and you don't know how to fix it. Your team seems to be working as good as it used to, but reports show low financial performance. You are looking for business ideas for the business development, but you are afraid that it could make everything worse.
If nothing changes
If you fail to identify the problem in due time and implement changes in those areas that require urgent solutions, you will lose precious time, and, therefore, sales volumes and market share. But if you notice the symptoms, you will be able to bring the company out of the risk area and transform the experience into a springboard for the business development.