If a business finds itself overcommitted, taking the following steps can help recover:
1. Reassess Workload: Conduct a thorough reassessment of ongoing projects and identify which can be scaled back or postponed. 2. Enhance Efficiency: Implement process improvement techniques to enhance operational efficiency. 3. Seek External Help: Consider outsourcing or hiring temporary employees to manage the workload. 4. Review Contracts: Renegotiate terms with clients and stakeholders to extend deadlines or adjust deliverables.