IGNORE PRAISE. The fourth lesson of business revival strategies is to work hard with a business target to achieve maximum improvement by prioritizing the interests of the company, not any individual. Professionalism. It doesn’t matter whether the owner gives praise, what matters is that we managed to lift the effort from the edge of the cliff into the middle of a wide field to breathe. It is necessary to take the initiative to make decisions that are not in line with the owner’s personal interests. There is a risk of being fired. Believe that if our argument is solid and the company’s final results are improving, then initiatives and risks must be taken. For example, for a real increase in business within 3 months, he will add employee benefits, employee work facilities.
REACHING TRUST. Unexpectedly the policies that he took had a tremendous impact on the working atmosphere. He’s a newcomer for 3 months and suddenly he’s a hero by the staff. They really wished he had never left them. The fighting morale of the employees is increasing by leaps and bounds. Bankruptcy is far away in the eyes. Smiles and laughter boomed. Even the salespeople who used to frown in fear of not paying the bill, are now competing to persuade him to order as many items as possible from them. They said they believed in us. Incredibly, this is what he is after: WIN BACK TRUST.
SPECULATION AND RISK OF BEING INSPIRED. Companies that have started to enter the blacklist have managed to come back thanks to smooth debt installments. Actually, he also did a little speculation by giving a lot of back demand deposits to suppliers, even though the cash was empty. What can he do? That’s the only way to get the supplier to keep the supply.
The crew and him are fighting between life and death. The important thing is to have good intentions. The important thing is not to cheat, so he accepts insults for the annoyance of suppliers and bank staff.
The result of business revival strategies. In about the fourth month the company is ready to add another vehicle fleet as revenue continues to climb. It is also ready to extend the lease of business location for the next 10 years. Shop buildings and new beds are also ready for renovation. The staff of several banks who were once grumpy and rude suddenly greeted us warmly while offering us big loans in 5-10 years. The suppliers who had been curtly at billing suddenly became very polite while whining so that we could order goods from them with a more flexible payment schedule. No more long queues of debt collectors. There are long queues of buyers and customers who are passionate about shopping.
