What are the suggestions for the survival of the company and make profit?
There are several strategies companies use to try to stay in business when they are struggling.
1) expand into new markets. Opening up the customer base could mean more profit.
2) Cut costs. Often times, struggling companies will downsize their workforce to try to stay in business.
3) New marketing. Again, this could attract new customers and more sales.
4) Sell part of the company to investors. This would add more cash flow to the company and potentially would allow for more growth.
I hope this helps!
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