When times get tough, it is a good idea to revisit your plan.
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The Street – How to turn around a failing business
In How to Turn Around a Failing Business, Marc Kramer gives 10 steps to help you turn things around.

  1. Trim the fat.
  2. Do a new business plan and share it to get input.
  3. Identify what people you need to keep in your organization.
  4. Open the books and share your financial information.
  5. Reduce your clients’ fears.
  6. Be honest with your vendors.
  7. Embrace alternative financing.
  8. Get rid of your least profitable clients.
  9. Never take your eye off the cash.
  10. Encourage risk.