Starting, building, and fixing.

Preparation and planning are highly important. They are the key to having successful business. My business was lucky, I had no preparation what so ever, but there was no risk. I had nothing to lose. You know almost every businesses falls because of money loss: If you can't pay your employees then you're done. The thing is, I had no employees. Most people are amazed when they here that some one started a company by them selves when the fact is, there is less risk. The only problem is the work put into it.
When you start a business on your own there is a lot of work to be done. Planing ahead makes all the difference in the world. If you schedule and space your work out ahead of time then you will always know what to do next, how far your to finishing, and you are then able to relax in knowing what's going to happen. However when you have a business with a team and more variables involved you actually need to plan more!
Think about it you know have to not only keep track of your work but others as well. So you see, it is very important to plan ahead of time. Your goal is to be ahead of the game not the players. In order to do so, you must plan ahead.
Here are a few thing that you should do:

1. Form a business plan

2. Form your business model

3. Making the logo ahead of time

4. Finance plan and budget

5. Form a work system

OK so let's say you started up and everything's great!
Well, how do you keep it alive?

Keep the business clear and straight headed.

Keep it simple for customers, users, and viewers.

Get out and stay out of debt.

Make sure more money is coming in rather than out. (Simple, but often forgotten)

Easy is hard pre-sweat the details for your companies work system.

Now let's say that you business is not doing very well.
Here is what you should do:

1. Cut your losses:
Get rid of what you don't need. If you have a worker that isn't being effective or working well. Give him a warning to work harder, and if he doesn't, then fire him. If any object that you are selling or services that your are providing is not working out for the best of your company that get ride of it, stop producing it. Keep one on your goal, one eye one your finances, and keep both of them at the same pace.

2. Get out of debt:
Cutting your losses will have already helped out, but now its your job to make sure that you are gaining. Up your marketing plan, go with ways that are cheaper or free but still good quality, eat a little less! Just don't stay in that debt. However take it some what slow. Don't rush. Keep your mind a company clear and going in the right direction. Make a 6 month plan for getting rid of your debt. Debt is a glutinous ghost, whose thirst can not be quenched, but stop its food supply and it can't live. Stop the feeding line! Kill the monster.
Try out Dave Ramsey's seven baby steps to financial freedom.

3. Rethink it all:
Rethink your work system, your finance plan, your product, your marketing strategy, anything that could be a little bit better. Something is obviously wrong or you wouldn't be in the red ink.
Just find out what the problem is and fix it, but remember "You cannot solve a problem with the same level of thinking that made it!". Albert Einstein said that and you should too. You should also believe it, follow it, and practically live by it! Its a good rule of thumb.

No mater what situation your are in you should read Robert kyosaki's books on starting a business, finance, and more to build, fix, or reinforce your business.

I hope you learned what you needed to! If you have any questions just ask! Oh and welcome to the online world of business.