Phases of a business cycle

Most of the time, companies or business segments, respectively pass though the same pre-written scenarios. Delayed perceptions of market situation help crisis developing "in shadow", incipient warning signals are being neglected most of the time.

Booming phase:
• Strong growth
• Healthy markets

Warning signals phase:
• Turnover reduction
• Increasing fixed costs

Crisis phase:
• Utilisation deficiencies
• Massive profit drop down / collapse
• Liquidity problems /missing liquidity

Turnaround phase:
• Turnover stabilisation / increase
• Cost reduction
• Securing liquidity