Augusta
VIP Contributor
A business goes through some cycles all the time. But the worse cycle is when it starts depreciating. This can lead to low sales and falls in the reputation of the business. This is not a time to only think about selling the business you can still work on the business by doing the following
Rebrand the product
You can change the package, color or size of the product
Use different means to advertise the business
Bring in more innovative ideas, do some researches and add trending ideas to it
Touch up your staff, give them more training and teach them how to run the business in a more inspiring way
If possible overhaul your entire system by doing things different from how it has been done for years
What do you think of this?
Rebrand the product
You can change the package, color or size of the product
Use different means to advertise the business
Bring in more innovative ideas, do some researches and add trending ideas to it
Touch up your staff, give them more training and teach them how to run the business in a more inspiring way
If possible overhaul your entire system by doing things different from how it has been done for years
What do you think of this?