There are many ways to go about this, but the basic steps usually involve conducting a business analysis, monitoring operations, creating short-term and long-term objectives, and developing a strategy for reaching those objectives.One of the most important aspects of a successful turnaround is accurate business analysis. This means taking a close look at all aspects of the business, from its financials to its operations and customers. Once shortfalls are identified and understood, a salvage plan will be developed.Monitoring operations is another key part of turnaround success. This includes tracking sales, expenses, customer satisfaction levels, and any other metric that can provide insight into how the business is performing. Doing this regularly can identify operational shortfalls early on and take corrective action before things get out of control. Creating short-term and long-term objectives is also important in turning around a business. These should be specific, measurable goals that will help you track progress and gauge whether your efforts are being successful. Without these objectives in place, it can be difficult to know if you’re on the right track.Finally, developing a sound strategy for reaching your objectives is essential for any turnaround attempt. This should include both short-term and long-term plans for making changes in the way the business operates.