I handle finances for my company. We struggle with bills, officers defer pay, and the owner is in his 80's. Time to jump ship?
The answer depends on WHY does the company "struggle with bills".I worked at a company with similar problems - and it was because the owner was "loaning" money to his friends, who never paid it back. That company went bankrupt.But if it's because the company is overstaffed (for example) ... talk to the owner about laying people off.
Or take over.
try to learn from experience -need not jump the ship-old man depends on you-approach some banks for obtaining temp credit to tide over the present difficulties-this is my vier
This may help (International Association of Administrative Professionals): http://www.iaap-hq.org/publications/officepro/11-signs-your-company-may-be-going-under-officeproSee paragraph 12--"The bills are piling up."