Making Rapid Change in Business
This article provides a guide for business owners on implementing rapid changes in their business as part of a turnaround strategy. It covers aspects such as assessing the situation, developing a turnaround plan, engaging the team, restructuring financially, refocusing on core business, implementing operational changes, boosting marketing and sales, monitoring progress, and seeking professional advice. These steps are crucial for a quick and effective business transformation in challenging times.
How late is too late?
This article provides business owners with insights into assessing the feasibility and timing for a business turnaround. It highlights the importance of identifying warning signs, understanding turnaround potential, evaluating challenges, the role of leadership, timing, seeking professional advice, and considering alternative options. These aspects are crucial in determining whether it’s too late to turn around a business.