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Many companies begin to lose money and make a mistake keeping it quiet. Employees go to work every day and then one day, the door is locked and everyone is shocked their company closed down. Some of the answers to the company’s financial decline may have been identified and solved by its employees if they were told of the company’s problems early in the decline.  When the company is not doing well, needs sales, has excess costs and is losing money, it needs to get all workers involved and start discussing the reasons behind the losses. Talk about the losses, tell everyone that all of the company’s employees (supervisors and workers) need to help solve the problems and that all ideas and input are going to be welcomed.  Encourage participation by every employee in cutting costs, increasing sales and customer service and improving the company’s bottom line. Talk about the issues, the ideas to solve the issues, all the successful efforts that are working and discuss also the problems that are not yet seeing any or seeing little improvement.  When profitability slowly does returns, make sure to tell everyone their efforts are working and the company is turning around because of them.

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