How to Turn Around a Struggling Business: Tips and Real-Life Examples - Deepstash
How to Turn Around a Struggling Business: Tips and Real-Life Examples

How to Turn Around a Struggling Business: Tips and Real-Life Examples

Keep reading for FREE

The First Reason Why Small Businesses Fail

The First Reason Why Small Businesses Fail

The data on the survival rate of businesses showed that 22% of small businesses fail within the first year, 32% for the first two years, and 40% for the first three years of business.

But why?

The lack of funding or capital is usually the main reason why small businesses fail because the operating expenses are costly from payroll to supplies to rent and more.

Moreover, many don't understand how to price products to create profit, and more often than not is that they don't pay attention to their cash flows.


197 reads

The Second Reason Why Small Businesses Fail

The Second Reason Why Small Businesses Fail

Another mistake that many entrepreneurs make is that they don't have good business plans. A business plan must include the following: business summary, competitor and market analysis, business model and operations plan, marketing and financial plan, and product and service offerings.

A business plan will give you an understanding of the industry and competition. It solidifies your business model before offering any products to customers and shows possible revenue streams so you can plan ahead


179 reads

The Third Reason Why Small Businesses Fail

The Third Reason Why Small Businesses Fail

Weak management.

Many enter into the business world because they're passionate about something but rarely do they get into business with a passion for human resource management and operations.

A survey showed that 52% of small businesses have labor quality problems. Coincidence? I think not.

Without letting go of the wheel and handing it over to someone with experience and strength, you won't be able to make up for your shortcomings.


145 reads

The Fourth Reason Why Small Businesses Fail

The Fourth Reason Why Small Businesses Fail

Small businesses lack the ability to understand their customers because they are often not prepared to meet the marketing demands of their company.

Poor marketing can result in difficulty in determining costs and the inability to reach a target audience and conversion goals.

Marketing is crucial for any early-stage business. If you do not understand the basic marketing strategies and how to apply them, how will you be able to create and implement successful campaigns?


121 reads

How To Fix A Struggling Business

How To Fix A Struggling Business

  1. Develop a growth mindset
  2. Set doable goals
  3. Learn why customers are leaving your business and establish a feedback system
  4. Identify your target audience
  5. Perform a SWOT analysis to get back on track
  6. Track your finances weekly instead of monthly 
  7. Get funding if you need it 
  8. Do a close analysis of what's working for you and what's not; be prepared to make drastic changes
  9. Invest in marketing 
  10. Be proactive


161 reads



Learning every day how to efficiently work remotely. Ups and downs.

This article allows us to understand why businesses dry up so easily and how we'll be able to get back on the path to success. It is important to keep optimistic so think about it this way: A business down turning is not the end, instead, it is a learning opportunity to start new and rebuild.


3 Tips For Ecommerce Small Business Owners to Prepare for the Holidays

3 Tips For Ecommerce Small Business Owners to Prepare for the Holidays

Here's What Buyers Look for in SaaS Businesses

Here's What Buyers Look for in SaaS Businesses

How to Write a Business Plan

How to Write a Business Plan

Ready for the next level?

Read Like a Pro


Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas


Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.


2 Million Stashers



5,740 Reviews

App Store



72,690 Reviews

Google Play


Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Read & Learn

20x Faster





Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations


Claim Your Limited Offer

Get Deepstash Pro


75% OFF | 1-Year Pro Subscription

Claim Offer