When it’s time to quit

Many businesses experience peaks and troughs, and according to the Small Business Association of Australia, 20%-40% of companies across most industries are in trouble because of 24 months of upheavals spawned by Covid-19. When times are tough, how can you tell whether you’re going through a cyclical trough or a terminal decline?

Anne Nalder, founder and CEO of the Small Business Association, says recognising a terminal decline varies depending on the business. “Like in life, business goes up