Paraic Bergin has launched a new guide featuring 8 steps owners can take to save their businesses from failure.
-- The comprehensive guide offers a top-down look at why businesses fail and what owners can do to prevent failure at almost any stage. The guide begins with foundational knowledge and moves on to actionable advice for those hoping to prevent their businesses from failing, with tips applicable to any niche or market.
For more information, visit https://paraicbergin.com/8-steps-to-save-a-failing-business/
By providing these resources, Paraic hopes to offer some relief to the approximately 500,000 businesses that are facing failure in 2025. Twenty-one percent of all new businesses fail within their first year of operation, often due to foundational deficiencies, lack of funding, lack of publicity, or some combination of these factors.
The guide begins by demonstrating how to recognize the early signs of failure, namely by conducting what they call a SWOT analysis. SWOT, which stands for Strengths, Weaknesses, Opportunities, and Threats, is intended to offer businesses a chance to establish a clear path forward in the near term, creating a healthy trajectory for long-term success.
From there, he encourages businesses to conduct a full audit of resource usage to identify waste, which is often a major contributor to business failure. A study by Armand Feigenbaum found that businesses that end up failing often waste up to 30% of their resources through redundancy, poor communication, and unnecessary spending. Trimming these factors may go a long way, Paraic explains, in paving the way toward recovery.
Another key piece of advice Paraic presents in the guide is to embrace new technologies and develop an adaptive strategy for future operations. Adopting a robust CRM system, he explains, can help organize sales operations and create waste-free, fully optimized workflows.
The guide’s author offers this additional tip: “Investing in leadership and team development can enhance your organization’s capabilities and drive performance improvements. Focus on empowering your leaders with the skills and knowledge they need to guide your business effectively. Provide training opportunities and encourage continuous learning to keep your team engaged and motivated.”
About Paraic Bergin
Paraic Bergin is a business strategist with over 30 years of experience helping businesses of all sizes regain control of their futures and establish a path toward success. Trained with KPMG, he is a Chartered Certified Accountant with an M.Sc. in Operations Management. He encourages those interested in learning more about his 8-step recovery guide to contact him directly at the link below.
Find out more at https://paraicbergin.com/8-steps-to-save-a-failing-business/
Contact Info:
Name: Paraic Bergin
Email: Send Email
Organization: Paraic Bergin Business Development
Address: Castle Street Castle St.,, Mullingar, County Westmeath N91 PD77, Ireland
Website: https://paraicbergin.com
Source: NewsNetwork
Release ID: 89153606
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