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First point of call is business plans as already suggested.

Do a swat analysis too.

Try and make a spreadsheet with as many control points as possible.
Then plug different values in to see what’s difference in the model from making money to the model losing money.

Then do an analysis on the point at which you would loose money to see if there are ways should you get to that stage of turning the business around. I.e. plan for failure and if it happens have mitigation plans in place too.

Don’t want to sound negative but more often than not you only see positive business plans with unrealistic targets, many forget to plan for the flip side and trying to identify key indicators that can warn you of potential failures. Once you got these you can still save a sinking ship you just need the plan and alerts in place.

I hope that all made sense.