The entrepreneur may be approaching insolvency if they have late payments to suppliers or vendors, high accounts payable, or low cash reserves. To recover, the entrepreneur could obtain a short term loan, reduce expenses, or liquidate unneeded assets. The business could take immediate tactics to conserve cash like delaying supplier payments, reducing marketing expenses, negotiating rent deferral, or temporarily laying off non-essential staff. These tactics would help by freeing up cash in the short term but could harm relationships or reduce revenue.

1. "The Short Term" Please respond to the following:
Assess two to three (2-3) clues that may indicate an
entrepreneur is potentially insolvent or approaching insolvency.
Then, indicate how the entrepreneur may recover.
Imagine your business venture from Assignment 1 is
experiencing a cash crisis. Determine three to four (3-4) tactics
your business could take immediately to conserve cash. Then,
indicate the expected impact of each tactic. Be specific when
describing your tactics.