Every business owner wants their company to be successful. It’s often very difficult for them to accept the signs that their company is in financial trouble. The issue with this is that they might ignore the financial trouble for so long that the company crashes, and there isn’t anything they can do about it. Addressing the money problems as soon as you realize there’s something wrong could mean the difference between saving your company and having to close the doors.

There are some signs that a company is in financial danger that all business owners should know. If yours is showing any of these, carefully consider how you can loosen the financial constraints.

While this isn’t a comprehensive list, it highlights some of the more common signals that business owners can watch for. Ultimately, taking a realistic look at the profit and loss statement, as well as other financial documents can give you the best information about your company’s health.

If your company is showing any of these signs of financial trouble, you should consider the options you have before you. For some companies, filing for bankruptcy becomes the best choice. Discussing the case with an attorney can help you find out what this would mean for you, your company and your employees. Being sure to act as soon as you realize something is amiss may give you time to consider the options from a practical standpoint.