One common mistake is not being strategic enough in the restructuring process. It's important to take a thoughtful and thorough approach to identify areas where costs can be cut, new revenue streams can be identified, and the business model can be adjusted to better align with the current economic conditions. Another mistake is not communicating effectively with employees and other stakeholders. It's important to be transparent and clear about the changes that are being made, and to ensure that everyone understands how they will be impacted by the restructuring efforts. Finally, businesses often fail to focus on the long-term success of the business, instead of making short-term decisions that may harm the company in the long run.