In 2008. the world was struck by a major economic crisis caused by the collapse of US financial markets. The global economic crisis caused many business crashes and worldwide crisis. Also, the economic crisis had a negative impact on trends in tourism demand. All these facts have deepened the business crisis of LifeClass Terme Sveti Martin company and had a negative impact on financial indicators. The aim of thesis is to draw attention to the importance of promptly recognition of business crisis symptoms in order to prevent the liquidation of a company. The scientific contribution of this thesis is in it's empirical section which proposes a series of business analysis based actions and measures on how to overcome the business crisis of a company. Furthermore, the emphasis was placed on the importance of the formation of a crisis team which is a rare appearance in domestic business practice.