When you make a mistake and trim the wrong areas, you can destroy the entire enterprise. This is the same spirit that you must instill in the rest of the department to get your supervisors and rank-and-file motivated again and to keep your best employees. This same rule furthermore holds true for sellers with exclusive products and technologies. You will likely never shut your doors as you dump and then buyback your availiable means. These job descriptions must obviously define performance expectations for the role as a result you (and the other family members) know whether each employee and family member is doing her or his job satisfactorily. While businesses offering liability negotiation look good, you should be careful which one you use. When the teams break out into subgroups during the Alignment Meeting (see Lesson 5), you'll need to stay close to the team that is making the budget. You can moreover use business restructuring approaches to fix cash on your material expenditures. These can include unlimited cell phone accounts, conferences to exotic locations, expensive company cars and high salaries for low paid work. Your best course of action is to discuss with your banker before you default on your credit.

You should show your forecast to your senior executive team, department heads, board, financiers, money-lenders and possibly your people you owe. Whatever the reason, you don't want to engage this company. This means you should plan to have a long-standing relationship with your bankruptcy lawyer. While you'll have numerous program improvement opportunities, only include those in your operation plan that have a significant bottom line impact in a short time period. This lesson provides a checklist to help you keep your business's recovery on track.