Where to begin
- List cash available, essential payments and expected receipts by date. Separate known obligations from estimates and identify urgent gaps.
- Contact lenders, suppliers and advisers early to discuss options and document agreed terms. Do not assume a new loan will solve a structural shortfall.
- Consider smaller operations, a pause or an orderly closure; check contractual, employee, tax and registration obligations with qualified help.
Stabilise and decide
Make a dated list of payments, expected collections and available cash. Identify essential commitments and amounts that need discussion; use realistic estimates where figures are uncertain. Contact the people affected early and keep a written record of any revised terms.
Compare the cost of continuing at a smaller scale, pausing and closing. Each choice can affect contracts, employees, debt, registrations and tax; seek advice for your facts. Avoid promising payments you cannot support with the cash forecast.
Go deeper
Choose more stages and concerns
External Links
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Internal Links
A LITTLE PERSPECTIVE
Small businesses have a big footprint: the ILO estimates that MSMEs account for about 70% of employment worldwide.
International Labour Organization ↗