There are millions of businesses around the country that are failing, but the owners are still trying different approaches for saving these businesses. At times, it is just better to cut your losses short and liquidate a failing business. This is the best failing business advice you can ever get. After all, you may continue to pump capital into the business, accrue more debt and end up in a worse financial position.
If you want to salvage your business, consider restructuring your debts and negotiate a debt repayment holiday with lenders for a couple of months. Consider rebranding your business, outsourcing non essential services and letting go of non essential staff. You will also need to invest in marketing both online and offline and run sales to try and generate more revenue. At the end of the campaign, you would have turned around your business.