What steps could be taken to revive a struggling business? Which methods do you think are most effective? Which are least effective?
If you ask me some advice about it, I’ll give you the simplest one. Be honest and candid. You might think that’s the most stupid way. However, it is the best way that I've got through all experiences.
When you are facing the struggle business, you would probably try some effect technique to solve it. You might adapt all rules of thumb as possible as you can gather. In such a time, another point of view is needed. People would be likely to skip the most important thing because of focusing on a certain problem.
Opening the problem and sharing it with concerned takes a lot of nerve. Sometimes it needs to lose your title, job, or trust in the business. However, never hesitate it. Be honest and candid. Nor more terrible things will come.
I’ll share my actual accident with you. That occurred 10 years ago. A development team fixed a bug that was detected by an important customer. The slight mistake caused the bug. If a young guy who made the mistakes looked at carefully, the mistake wouldn’t have happened. All member of the team thought so. At the same time, they understood well how critical the problem that they were facing was. They chose not to open the problem and to fix by their selves. After re-provided the bug-fixed software, the customer found another bug that the development team made by fixing the bug.
When you hold the struggling business and would like to resolve it, you should share it with concerned. Even though you have any risks, you should open it honestly. You might get terrible reprimands, but it is tentative. After reviving your business, no one remembers the cause. The least effective way is not to open the problem and to try resolving by closed member.
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