All companies experience adversity throughout their lifespan. And how they navigate those inevitable landmines will determine the longevity of the organization, as well as the financial success of the business.

Some landmines a company might experience may include a downturn in the economy, the inability to collect on receivables, value of assets drastically plummeting, a crippling vendor contract or commercial lease, the inability to refinance a bad loan, and/or the mismanagement of the company.