1. The lifeline of any business is its cash flow. 

If you find your business hemorrhaging money, it's imperative to staunch the bleed immediately. However, exercise caution in halting payments that could jeopardize your business's value, lead to potential penalties, or prompt creditors to pursue legal measures. These decisions require careful consideration.

2. The Ideal Team 

The effectiveness of a revival strategy hinges largely on having the right people to execute it. It may be beneficial to rope in external professionals, such as turnaround specialists, who've previously steered businesses back to prosperity.

3. Reevaluate Your Business Model 

Ensure your offerings align with current market demands. If you're selling physical products when the trend leans towards digital, it's time for introspection. Take a step back, preferably with a seasoned consultant familiar with business rejuvenations, to assess the macroeconomic landscape. It's paramount to deliver not just what the market desires but also in the manner it prefers.

4. This phase calls for trimming any excess fat in terms of costs. 

This phase calls for trimming any excess fat in terms of costs. Eliminate non-essential expenses and focus solely on what's pivotal for business survival. When it comes to human resources, recent downturns have taught us that it's more prudent to adjust work hours or salaries than to ermanently sever ties with skilled employees.

5. Secure Sufficient Turnaround Financing 

The most impeccable plan will crumble without the backbone of adequate financing. Rigorously map out your cash flow for the imminent 12 weeks and the subsequent year. Pinpoint the best financial allies to champion your revival efforts. This could involve a blend of debt and equity financing. In some scenarios, it might be necessary to part ways with current funders reluctant to back the revival. Fortunately, the market offers a plethora of specialized financing options.

6. Transparently Convey Your Strategy to Key Players

It's of the essence that your revival blueprint is lucidly shared with all primary stakeholders, provided it's commercially viable. Assuaging the anxieties of your team by acknowledging past challenges and showcasing proactive measures to overcome them can boost morale. This transparency extends to suppliers, clients, property owners, and financiers.

By fostering open lines of communication, you can galvanize your team, transforming the revival into a collective mission, rallying everyone behind this renewed vision.