Looking at a business turnaround, there are two different types, each with its own different strategies that can help to turnaround a struggling business? You can never assume that there is only one right answer or strategy to a particular problem.   Each business has its own unique set of problems as each business has its own distinctive ‘recipe’ for the way it runs and operates. It is dangerous to believe that what worked for a similar business will work for yours.

By understanding what a business turnaround realy is and the different options available makes it easier to chose the right one for your business.

120 Critical self-diagnostic questions to get clarity on your current position and options to create a great turnaround strategy that will support the most important action steps needed to increase the business’s performance and results. Get your business working harder, faster and more profitable again for future growth, expansion and profitability with these turnaround strategy questions.

These analytical turnaround strategy questions is of critical importance for the business at this stage.  This will help to understand the business, what makes it tick, its strengths and weaknesses and where the opportunities are to increase the business’s results.

Discover the best strategies, tools and resources you can use right now so you can future proof your business, and be prepared for future challenges in uncertain times that will totally destroy so many others.

If you're prepared for difficult economic times, and have the right tools and strategies, there is no reason to worry about your financial future. History has shown it is possible not only to survive, but also to prosper in these times.

If your business is in a crisis, here is how you can stabilize your situation and reduce the burden, so you can make good decisions.

Here are 6 Steps you can follow to stabilize your business:

1. Step 1: Making sure that everybody fully understands the situation 
2. Step 2: Create and then maintain a positive cash balance at all times.   
3. Step 3: Find out what caused the problems you are dealing with.
4. Step 4: Prepare a realistic turnaround plan your creditors will support.
5. Step 5: Negotiate the restructuring of your debts.
6. Step 6: Execute with precision and consistency.

There is a simple formula that you can use immediately to drastic increase your sales and income in any market and in any business without spending more on advertising. It's the fastest way to increase small business sales. There are only a few things that you have to do each day that account for 90% of your sales success. If you want to increase your business sales, then follow these specific sequence of steps for the fastest and most cost-effective way for increasing your small business sales.

Today there are very few sustainable competitive business advantages. Creating a Unique Selling Proposition (USP) that sets you apart from the competition is not enough anymore. If you want to be a winner in today's high competitive business markets, learn to operate in a world of unsustainable advantages - by building "layers" of competitive business advantages by improving, changing, adapting, learning faster than your enemy.

Creating a unique sustainable competitive business advantages is the dream of every entrepreneur, inventor or small business who desires outrageous business success.

Leading and Lagging Indicators, also known as measures, numbers, drivers, are important (key) measurable values in a business that are used for measuring and evaluating the performance, progress and success, toward an intended result or goal you want to accomplish over time. Lagging Indicators reports past results that already happened, while Leading Indicators predicts future results

Your business success will come from your ability to identify, analyze, and manage the performance of these simple but very important Lagging and Leading indicators in the 6 Top Key Success Factors areas of your business. To change any current results in your business, you have to focus on the Lead indicators or measures. They are the things you can control and influence that will lead to a different result. 

Read this if you want to know what the key tasks, duties and responsibilities are of a small business owner.

The key roles and responsibilities of a small business owner is to maximize revenue, profit, cash flow, income and long-term net worth, by consistently producing greater results and performance from the same time, the same effort, the same activities, the same people, and the same money invested in your business. Secondly to continually reduce cost, and neutralize or eliminate weaknesses, risk and threats and develop a strategic competitive advantage to combat  increasing competition.

Here is a simple strategic SWOT analysis that you can use as a highly effective method for creating an edge in the market and to insure long term success.

SWOT is an acronym for the Strengths and Weakness of a business and the Opportunities and Threats facing the business. It is used to understand Current and Future, Internal and External factors that may have an effect on a  business results and success.

The Strengths and weaknesses are focused inward to analyze what your company does well and where it could be better. Opportunities and Threats are focused externally towards the industry, which analyze any potential negative effect on the business.