10 Tips to convert your loss-making business to a profitable one

Introduction

As per recent research, only 4 out of 10 Small businesses make it past their 5th year of incorporation in the UK.

According to the Companies House, on average, 660,000 new startups register annually. And 20% of these struggle to make it past their 1st year.

These stats show that many businesses end up on the wrong track. There could be several reasons for it: inefficient management, lack of capital, non-existent business plan, or a poor location.

If issues are identified on time, businesses can be saved from liquidation and investors from losses.

There are always alternatives to fix every issue; it only asks for someone to come in and take the big decisions for the company.

In this ebook, we share a few tips to turn your loss-making business into a profitable one.