An entrepreneur with a business in crisis should do which of the following first?
A) Prepare a revised business plan for the next six months.
B) Analyze all aspects of their current situation to try to determine what the problem(s) is (are) .
C) Communicate with all interested stakeholders what the current situation is.
D) Suspend operations until the problem(s) are sorted out.
E) None of the answers apply.
Correct Answer:
Verified
Q54: Warning signs: "If these ratios fall below
Q55: Warning signs: "If the entrepreneur is failing
Q56: Warning signs: "writing off accounts receivable as
Q57: To an entrepreneur, the loss of key
Q58: In most cases, a business in a
Q60: The second thing an entrepreneur with a
Q61: A creditor of a business in crisis
Q62: As part of a turnaround plan, an
Q63: The threat of bankruptcy as a negotiating
Q64: An entrepreneur with a business in crisis
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents