Great blog post by Greg Satell discusses the problem of turning around a challenged company. Start with identifying those individuals in the company who are driven to see change come to turn around a bad situation. Then, rather than try and fix everything at once, pick small incremental steps that have a high degree of positive outcomes. Loose the dead wood, if someone is not contributing, don’t carry them. In the same vein, start re-organizing and placing competent workers in key positions. And finally, planning ahead is critical. Get some baseline assumptions and build a road to get out of a current challenged financial condition. The old business adage applies, if the company does not grow, it will die. Read the entire post and study Greg’s writing, you will definitely learn something about business.