No one likes to admit that they’ve failed. Whether still stuck in the denial phase or refusing to accept that it was their own fault, the staunch refusal to admit to failure is one of the follies of man. But like death and taxes, failure is inevitable in our lives. Ari Monkarsh is here to help you turn it around.

1. T U R N A R O U N D
Y O U R F A I L I N G
C O M P A N Y
AriMonkarsh.com
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2. F A I L U R E
No one likes to admit that they’ve failed.
Whether still stuck in the denial phase or refusing
to accept that it was their own fault, the staunch
refusal to admit to failure is one of the follies of
man.
But like death and taxes, failure is inevitable in our
lives.

3. R E C O G N I Z E W H E N I T ' S
H A P P E N I N G
If sales and income are steadily dropping, don’t let that
information fall by the wayside.
Are your employees complaining, bickering or generally
exhibiting low morale?
Is your business remaining stagnant, content with falling into
its place rather than growing and innovating?
As a business owner, CEO, executive or director, these are
the exact signs that you should be constantly monitoring.

4. R E C O G N I Z E W H E N I T ' S
H A P P E N I N G
A drop in sales is the most obvious and perhaps the most
significant sign to watch for.
If your sales, client-base or investors are dropping out or
expressing disinterest, it may be time to consider that your
business might be failing.
Recognition of a failing business is a significantly easier task
than many make it out to be. This is due in part to negligence
or outright denial, more often than not, which brings us to the
second tip to turning around your failing enterprise.

5. A C C E P T I T
Stop telling yourself that revenue is dropping due to forces
outside of your control.
Stop claiming layoffs won’t happen, and stop deluding .
Jason Saltzman of Entrepreneur offers six tips on accepting
failure:
Once you’ve recognized that you or your business is in trouble
and accepted that it is indeed happening, it’s time to take
action.
accept the situation,
realize you’re not alone
screw it
prepare for battle
be realistic
learn lean

6. T U R N I T A R O U N D
Once you’ve recognized that it’s happening, it’s time to identify
the source of the problem.
Make a positive identification of the problem is imperative to
turning around a failing business.
Next, an owner or CEO needs to take the initiative in changing
whatever has been deemed the cause of the issue or issues at
hands.
Low employee morale is an indicator of a failing business, but
helping turn around the morale of the company can be a huge
step in turning around the success of the organization.

7. “In 25 years, I’ve never seen the
executives of a company have the
right idea of what the problem is. It’s
like talking to a drug addict about his
problems: He’ll blame everything but
the drugs.”
-Grant Cardone, the "Turnaround King"

8. Ari Monkarsh has a long history of success
and professionalism in business.
For more business & entrepreneurship tips,
visit his website at AriMonkarsh.com