Raising the Dead

1. Determine Your Priorities

Before you begin the turnaround process, stop and consider what you want to accomplish. Sure, you want to increase revenue, but how will you do it-by streamlining systems or operations, targeting a specific clientele, introducing a new product or service, or eliminating an old one? How about improving service? Your business may require a combination of those things. If you're serious about turning your company around, it's critical to ask these questions of your staff, too. You'll likely get valuable input from employees, who can help you create a written guide of the turnaround's objectives.

« Previous 1 Page 2 3 4 5 6 7 Next »

Like this article? Get this issue right now on iPad, Nook or Kindle Fire.

This article was originally published in the February 2001 print edition of Entrepreneur with the headline: Raising the Dead.

Loading the player ...

The One Word That Will Help You Close More Sales

Ads by Google

Share Your Thoughts

Most Shared Stories

1
8 Slow, Difficult Steps to Become a Millionaire
2
Want Media Attention? Target Trades First
3
What I Learned From Being a Broke, Unemployed Graduate
4
50 Favorite Online-Marketing Influencers of 2014
5
It Takes 3 to Run a Business