First priority in (potential) crisis situations is to quickly gain insight and immediately follow up with adequate planning. Internal and/or external causes must be identified and then resolved or responded to appropriately. Which are they?
There is often a need for better management information, real and objective insight into how the various parts of the company (can) perform. Where is the pain and where are opportunities perhaps not yet or insufficiently exploited? Where is earned, where is lost?
An insufficient liquidity position can lead to (imminent) deficits, inability to pay creditors and taxes and inability to invest. How will the liquidity position evolve?
Continuing along the same path without changes does not give confidence in realising a good future. Corporate restructuring can offer a solution, but this requires a thorough understanding first.
