Short$-$Term Actions$1.$Optimize Operations:Close unprofitable outlets to reduce overhead and focus resources on high$-$performing locations.Improve service quality by investing in staff training, particularly for mechanics and customer$-$facing employees.Streamline inventory management to minimize holding costs and improve turnover efficiency$\mathrm{.}2.$Enhance Financial Position:Renegotiate supplier terms to improve cash flow and reduce interest obligations.Secure an extended line of credit from the bank by meeting required financial conditions such as the current ratio and interest coverage targets$\mathrm{.}3.$Rebuild Reputation and Customer Trust:Launch a customer satisfaction program to address quality concerns and complaints effectively.Implement a marketing campaign emphasizing quality improvements and customer benefits.Long$-$Term Strategy$1.$Professionalize Management:Transition operational leadership to experienced professionals to stabilize the company and ensure strategic focus.Develop a succession plan to ensure continuity in leadership and accountability$\mathrm{.}2.$Focus on Core Strengths:Prioritize high$-$quality tire sales and reduce dependency on low$-$margin automotive services until the company is financially stable.Partner with reputable suppliers to restore product quality and customer confidence$\mathrm{.}3.$Strengthen Stakeholder Relationships:Rebuild trust with the bank and suppliers through transparent financial reporting and improved payment practices.Engage in community outreach to enhance customer loyalty and brand reputation. Paraphrase