- Inflating the stock & book debts to seek higher bank limits,
- Resorting to expensive hand loans,
- Adding new product lines to recoup the losses
- Using statutory dues (TDS or labor payments) for business purposes,
- Raising mortgages,
- Going after riskier big deals hoping for quick turnaround
- Running behind easy loans which more likely causes loss
- Delaying book closure,
- Hurting the relationship with bankers and creditors.
- Seeking happiness in passing the blame etc.
When distress hits/ appears, commonly observed responses/shortcuts among SMEs are-
< 1 min read
Powered by BetterDocs
