When a business is experiencing a decline in revenue or has simply plateaued and is not growing, there can be a number of contributing factors. A global pandemic, new competition, loss of a major customer, weak management, turnover of key employees, or off-target marketing could all have a negative effect on the growth and sustainability of a small business and be the reason for a company’s downturn. However, if the business’s products or services still provide benefits and solutions to customers and their problems, perhaps it is time to reinvent your business.
