Avoid Business Failure

Fédération des Experts Comptables Européens AVOIDING BUSINESS sorrow A Guide for SMEs October 2004 A paper issued by the European Federation of Accountants (FEE) The Fédération des Experts Comptables Européens (FEE) is the proxy organisation for the accountancy profession in Europe. FEEs fractionship consists of 41 professional institutes of accountants from 29 countries. FEE member bodies represent more than 500,000 accountants in Europe. Roughly 45% of these accountants encounter in public practice, providing a wide range of run to clients. The other 55% work in various capacities in industry, commerce, government and education. 2 AVOIDING BUSINESS FAILURE A Guide for SMEs October 2004  hedge OF CONTENTS Executive Summary ................................................................................................................ 4 Introduction ............................................................................................................................. 6 1 Causes of Business misery .............................................................................................. 7 1.1 Internal Causes of Business Failure ..........................................................................

. 7 1.1.1 Poor way .............................................................................................. 7 1.1.2 Deficit in Accounting ....................................................................................... 10 1.1.3 Poor Cash Flow Management .......................................................................... 11 1.1.4 Inappropriate Sources of Finance..................................................................... 11 1.1.5 Dependency on Customers or Suppliers .......................................................... 12 1.1.6 Impending Bad Debt ........................................................................................ 14 1.1.7... If you want to withdraw a full essay, order it on our website: Orderessay

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