<ul><li>Insolvency occurs when a company can no longer meet its financial obligations and liabilities. Early intervention is key in preventing insolvency and securing the future of a company.</li><li>Recognizing the warning signs of financial strain, such as poor cash flow management, declining sales, and mounting debt, allows businesses to address these issues proactively.</li><li>Taking swift action to address financial strain involves revisiting the business model, renegotiating payment terms, cutting non-essential expenses, and seeking external financial advice if necessary.</li><li>Improving cash flow management through careful planning, regular review of income and expenses, cash flow forecasting, emergency funds, and avoiding unnecessary debt reduces the risk of insolvency.</li></ul>

The Importance Of Early Intervention In Preventing Business Insolvency

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