Turning around financial losses requires strategic interventions:
1. Re-evaluating Business Model: Assessing and modifying the business model to align better with market demands can boost revenue. 2. Revamping Marketing Strategies: Implementing effective marketing strategies can attract more customers and increase sales. 3. Seeking External Funding: Raising funds through investors, loans, or grants can provide the necessary capital to overcome financial difficulties. 4. Streamlining Operations: Improving operational processes to reduce costs and increase efficiency can help regain financial stability. 5. Innovating Products/Services: Introducing new or improved products/services that meet customer needs can drive sales and revenue growth.