Closing Shop: how do you know it is time?

I’m guessing that you’ve been following my series on business closure and the ethics thereof. This post does not seek to provide definitive advice. What lies herein is based more on intuitions, and a reflection point for leaders to consider where they are at. If you are wondering whether your organisation is terminally ill, or whether you should close, seeking support and advice from experts would probably be wise.

Some symptoms of struggling non-profits and businesses in decline can include:

  1. Prolonged inability to attract the external resources (funds) to maintain what is necessary to operate – I am not talking about additional resources for growth, just resources to operate at a level that means you can provide a professional, ethical and effective service.
  2. Massive changes to the market whereby the organisation is competing for resources, and unable to achieve that ahead of others.
  3. Lack of, or inability to attract the expertise, knowledge, commitment and drive to turn around the organisation – this needs to be at Board and staff levels.
  4. Pain and exploitation of staff through poor resourcing – rather than scale down operations, organisations can be guilty of maintaining services by exceeding the reasonable expectations of staff. Read more