Can the business turn a profit if it is in the red?

[Shavkat]

Can a company make a strong recovery if it had poor sales last year and was in the red? To be in this position, they seem to have to put in more effort. It would eventually go bankrupt once it failed to materialize.

 

[cherry123]

Being in red they might be failing financially it is to adopt some good means to chsnge the losses or minimize it or else the business will collapse.

 

[hastral45]

Anything changes can occur at any time in the course of operation of a business enterprises. It all depends on the efforts put in place by the management of that business.

 

[Springtime]

A lot needs to be done, such as cost cutting, fine tuning product offerings.

 

[hastral45]

Business can turn to blue again when it is in red account. This depends upon the effective management and proper accountability of such business. If all hands are on deck, things would gradually change.

 

[Stardom22]

Alternatively the businessmen can increase the working capital to beef up the operation of the business by ensuring the inventory sector of the business is up and running smoothly.

 

[AmazingJob]

I am not sure what it means "red". Is that red means low profit? If that is so, they should be putting up back ups plans if plan A did not work. Just like what we have discussed on another thread, that business planning is important to increase profit.

 

[Stardom22]

Yes if the business did not make any profits initially the businessmen can look for other ways to ensure the business returns back to its normal operations. This can safeguard the business from going to bankruptcy.

 

[Magnus2022]

There is no impossibility in life. A business can turn from debts to profits within any specific time. That a company failed don't mean it can be revived. It is also applicable to human life. A failure can turn to a success overtime

 

[hastral45]

There is no impossibility in life. A business can turn from debts to profits within any specific time. That a company failed don't mean it can be revived. It is also applicable to human life. A failure can turn to a success overtime

Yes it is also applicable to man. That's why it is said that downfall of a man, is not the end of his life. There were many businesses that had gone bankruptcy and yet got revived thereafter.

 

[flower]

A business that is in loss can also make profit provided you are able to apply the right strategy.

 

[Heatman]

If your business is in red already, it means that you have so many debt to pay and you most likely won't have goods to sell and pay. You can't turn in profits.

 

[Passiveearner]

Can a company make a strong recovery if it had poor sales last year and was in the red? To be in this position, they seem to have to put in more effort. It would eventually go bankrupt once it failed to materialize.

There are many companies that have made losses and they are not able to pay their employees. This is an alarming thing for many people.

 

[cherry123]

A business that is in loss can also make profit provided you are able to apply the right strategy.

Yeah it is to turn things around just think outside the box to start all over again

 

[eldavis]

Yes it is very possible for things to change as long as the company puts in the needed effort. This is why it is also good as a business owner to have a separate source of income sometimes to be able to support the business.

 

[Passiveearner]

Any kind of business has the ability to recover and make profits. It all depends on how the management of the company runs the business and how they manage it in the long run.

 

[Heatman]

There are many companies that have made losses and they are not able to pay their employees. This is an alarming thing for many people.

This is actually the situation whereby the company will be declared bankrupt because they cannot be able to pay for the expenses that they have as well as their workers salaries.

 

[Shortie]

I guess it would depend on how far in the red they were as to whether they would be able to pull back from it if they made any changes. If they were at a point where they could not pay their employees, pay rent for where their business is, or even pay for things like stock then there may be no way back from the financial issues.

 

[freelancermaria]

Yes. Despite a downturn from the previous year, the company can still recover. It all depends on the efforts of the CEO and his or her employees. It won't be easy, but they can do it if they work together.

 

[Stardom22]

When a business or the company is such in that scenario it becomes very difficult for it to recover to its normalcy for it to begin making profits again. Unless the business is boosted by extra funds from other sources.