How To Fix A Failing Business

How To Fix A Failing Business

Statistics for a new business can seem grim: approximately one-half of all new companies fail within the first five years. The problem is many owners cannot see the signs that their business is in fact in distress, and by the time they do, it is often too late. Understanding how to assess and evaluate your business's position regularly is critical to prevent failure. Below are a few of the signs that you should be aware of in terms of the overall health of your company.


With small businesses especially, owners are often tasked with wearing multiple hats. This can so easily lead to exhaustion and ultimately burnout. And their burnout will inevitably affect operations in general. How can you delegate more effectively? You don't have to carry all of the burdens yourself. Taking time for self-care is essential for any business owner and it could save the company in the long run.

Not Enough Money

This is a pretty common reason why so many companies fail. They have inadequate capital and they are not able to procure financing to get the money they require. They're stuck. There are places you can turn; alternative and online lenders specialize in getting small businesses the funds they need to keep moving forward.

Competitors Are Too Strong

You're going to have competitors; the key is to position yourself so that they don't step all over your toes and thus take business away. All you can do is orient your company so that it offers great value and equally great customer service. What do you have that your competitors might not—spotlight this? Remember, it does come down to what attracts customers.

First Union Lending is in the business of helping smaller companies thrive and grow. The last thing we want to see is a company fails. This is why we offer truly flexible lending solutions. Call today to see how we can help you!

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First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through VBJ Consulting, LLC, a licensed finance lender/broker, California Financing Law License No. CFL#60DBO78163

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