The very first thing for turning around the business will be to curb the company bills. It is very important keep monitor of all of the expenses incurred by the corporate to redeem the place. Study the bills and reduce out the redundant ones and retain the important ones. Next is to arrange a marketing strategy. It is smart to take inputs from the staff while preparing a new marketing strategy to redeem the corporate’s position and get better business. Cut down in your manpower. Make a list of staff you have to retain and let go of the others. Nevertheless, don’t lay off employees in waves because in that manner the very best staff will turn out to be concerned as they do not wish to be those laid off last.
Notre Dame Business School
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