I have a partner who has worked for a company for 8 years and has witnessed the whole process of a company from glory to end. When the company showed signs, he was keenly aware of the approaching danger, and chose to leave without hesitation, successfully escaping the bitterness of unpaid wages and debts. Indeed, before a company goes bankrupt, there are often signs, just like people will age. If most bosses can notice these signs in advance, take timely measures in the early stage, and eliminate them when bankruptcy sprouts, it may be able to bring many enterprises back to life. 
Here are 7 signs that a business is going bankrupt, and every boss and leader should be vigilant and take precautions! 1. The frequency of resignation is high, and personnel changes are increasing day by day
The normal turnover of personnel is a manifestation of the vitality of a company's human resources, but once the frequency of such turnover is too frequent, it is necessary to be vigilant. Generally speaking, it is normal for personnel turnover to remain around, but this turnover should be dominated by backward employees, and if they are all excellent employees leaving, then we should also be vigilant. If the department starts to leave frequently, but there has been no new blood injection, it is likely that the company's capital turnover is difficult, and it is necessary to save labor costs as much as possible. 
If the turnover rate of management is high, it may be because management has the core information and has a more intuitive sense of the company's business and changes. When they feel that the company is going to be yellow, they will make corresponding adjustments to their future development according to the situation. 2. Poor cohesion, more and more employees who are messing around
This problem is the most serious, and it can be said to be the biggest hidden danger in the process of enterprise management, and it is also a problem repeatedly mentioned in the article. Many business managers are actually taking precautions against such problems. However, the company lacks a scientific, reasonable, practical, and practical incentive performance management mechanism, and it is difficult to distinguish rewards and punishments based on the evaluation of managers. In other words, the personal preferences of managers are likely to lead to lazy and mediocre people in the company. An effective magic weapon to improve cohesion, in the long run, has development prospects; In the near future, employees get a certain amount of instant gratification. 
If poetry and distance, and milk and bread are OK, then there is a good working atmosphere and excellent leaders, so that a good cohesion can be formed. As the saying goes, "a thousand troops are easy to get, but one will be hard to find". If your company has not been able to find a general, there will be no cohesion, and there will be no motivation to work hard. There will be more and more employees "messing around" in the company, and talent will not be retained. It is not surprising that companies are gradually going out of business. 3. There were many meetings, but they were all fruitless
There are too many meetings, more talk than action, discuss implementation all day long, but never do things. For example, a company holds four or five meetings a day to do a review, but the mistakes that should be made should still be made as usual. Because these meetings are not productive. The leader has been speaking on the company's current situation and future development direction, and the subordinates do not understand and do not want to accept it, but because of the majesty of the leader, they can only let it go, so they choose to bow their heads and desert to do their own things. 
This seems to be a major event that is closely related to the company's operation and development, but in fact, it has not achieved the desired effect at all. Such meetings only waste time and affect employee productivity. 4. There are too many supervisions, and the process is becoming more and more complex
In the eyes of the leadership, anyone is like a "thief", and anyone is suspicious. All departments and positions related to money have different degrees of supervision, and even the main supervisors must take corresponding measures, in order to try to eliminate the so-called "wrong accounts and doubtful accounts". 
The company's "problems" are infinitely magnified, and its "hidden dangers" are thoroughly excavated. The procurement, delivery, and reimbursement processes are complex, and a business goes around and around, but when there are errors and deviations, the responsible person cannot be found, which ultimately affects the normal business of the enterprise. 5. Coordination is difficult, and departments pass the buck to each other
For enterprises, cross-departmental collaboration is often a very headache in the enterprise, and it is also a problem that all enterprises cannot avoid. Employees often complain most about the difficulty of cross-departmental coordination, because people have the instinct to seek advantages and avoid disadvantages, so they will choose to pass the buck to each other in the course of work to avoid unknown responsibilities that may arise in the future. So why do departments always blame each other? Because rejection is actually the easiest way to work. 
Just say "no" when someone asks for help, and do nothing else, after all, once a colleague in the department takes over the burden, the collaborating department is often busy for months. Departments work in silos and do not interfere with each other. Such teams and employees are ostensibly "conformist", but in fact they are lazy and drag down the efficiency of the organization. 6. Don't tell the truth, leaders love to listen to flattery
Today's leaders like to listen to flattery, but I believe that smart leaders can distinguish between sincere praise and sycophancy. However, in reality, some leaders often like to listen to the flattery of their subordinates. But in fact, what really helps the development of the enterprise is often those difficult words. You must know that subordinates who flatter their superiors generally have three purposes: one is to obtain benefits from you; the second is to slander you and want to suppress people of different factions; The third is to want to override you. 
So, if you don't want the company to go out of business and die at your hands, you have to be more rational in your day-to-day work. 7. Reluctance to delegate power and excessive concentration of power
The leader is self-righteous, self-serving, and does not listen to anyone's different opinions on the company's operation and management. Do everything yourself, and refuse to give employees the opportunity to experience. In fact, when the company hires employees, it is not for him to sit there every day and wait for the boss to assign work, nor is it for him to blindly do what the leader arranges. Otherwise, the company will cultivate a group of "robots" with only the body, no brain, no enthusiasm and initiative, and no autonomous thinking. However, many leaders are prone to make such mistakes in actual management, taking care of everything and being busy with everything. In the long run, employees will think that there is no hope of development and progress in the company, and capable employees will choose to leave and seek a way out elsewhere. 
In the end, the company that missed the tiger general only retained the majority of the company's pension, and people who don't know will think that the company is a charity. When the company's senior management is down to the front line, but the grassroots employees are in retirement, it is only a matter of time before such a company closes down. Write at the end:If the emperor wants to destroy it, he must first make it crazy. The aforementioned partners, these signs are almost all present in the company he worked for before him to varying degrees. Through the above 7 signs, we may find that our business is also heading for destruction. Whether it is a manager or an employee, this is a sign to be wary of. After reading this article carefully, I hope to learn from the managers of motivated enterprises. If you are an employee of the company, the following points are also worth being wary of. 1.Financial difficulties: The company's financial condition deteriorates, resulting in long-term losses, cash flow problems, or increased liabilities. Frequent delays in paying your employer or employee wages are also a warning sign. 2.Declining sales: The continued decline in corporate sales is also a warning sign. For example, the demand for a company's products or services is decreasing, the market share is gradually shrinking, and competitors are rising, etc. 3.Legal Proceedings: A business that is involved in a large number of legal proceedings can also lead to closure. For example, intellectual property disputes, labor disputes, environmental pollution lawsuits, etc. 