How to survive an enterprise crisis

In times of crisis, it is important to consider a survival strategy. It should be based on regular development, on the conquest of new markets. If all efforts are thrown only to maintain working capacity, it will be difficult to stay afloat.

Instruction manual

1

As soon as the first problems have appeared, start optimizing your income and expenses. Do not be afraid to do something wrong - be careful not to take any initiative. When an enterprise becomes insolvent, solving any problems will be pointless.

2

Reduce excess staff costs. These include: corporate events, employee training, etc. Refuse personnel that are of little use to the enterprise. In no case do not reduce the departments that improve the well-being of the company. Usually these are sales and marketing departments. They also need to make certain changes: make wages in the form of interest, not salary. Get rid of employees who work poorly. In their place, easily recruit new specialists.

3

Reduce rental costs, household needs, water and electricity. Try not to waste a single ruble. If you are the owner of the building in which the company is located, lease some of the offices. You can make money on it.

4

Try to evolve. Conclude new contracts, look for other customers. By all means, do not allow a decrease in income. Try to master unfamiliar markets, do what the organization did not do before.

5

Supervise the work of all personnel. If each employee works, the organization will be able to withstand a crisis. Listen to telephone conversations of subordinates and visit workplaces as often as possible. Set penalties for dishonest work.

6

Reduce the cost of everything you can. Find new suppliers who will sell raw materials at lower prices. Review packaging costs. Often, these simple steps can greatly reduce the cost of goods. After that, decide whether you will sell the product to more buyers at low cost or leave a larger percentage to the firm. The first option will allow you to develop, the second will bring quick income.

note

Do not leak good professionals. Before introducing new conditions, organize a meeting and explain the need for action. Promise employees that after the crisis, you will return to the previously established procedures.

Useful advice

Accept optimization suggestions from employees. Perhaps they will be able to suggest new solutions that you did not even think about.