Plymouth Argyle owner James Brent has backed the club's player-manager Carl Fletcher after their 2-0 FA Cup loss at non-league Stourbridge on Tuesday.
Argyle have not won for more than a month and were easily beaten by Devon rivals Torquay United on Saturday.
"I think what we need to do is to provide Carl with the support he needs to rebuild the team," Brent told BBC Radio Devon.
"It was always going to be a rebuilding exercise and that's what we are doing."
Brent took over the club last month after almost a year of financial problems left them in administration and with a depleted first team squad.
Fletcher was appointed following the sacking of Peter Reid and began his first stint as a manager with two wins and a draw in his first four games.
But since then they have not won another match, picking up only one point in League Two and needing a late equaliser to draw 3-3 with Stourbridge at Home Park in the FA Cup, before Tuesday's replay exit.
The Pilgrims are bottom of the Football League and are five points adrift of safety.
"I've spoken to a lot of chairmen and a lot of board members who've got a lot of experience between them and the one piece of advice that is absolutely consistent is when there is a problem the demand from the fans is to fire the manager.
"Every single one of them tells you that that has cost them very dear in the past and it's not the right reaction to have."
The owner admitted that the performance in Tuesday's shock defeat was not good enough.
"There may be a lack of motivation amongst players.
"I certainly saw amongst the majority of the players, and I was at the game, I saw a lot of passion and a lot of commitment.
"But did the team hang together as a team and win? No it didn't."
Despite the setback, Brent says his priority since taking control at Home Park has always been to ensure that the club can stay in the Football League.
"The fact that staying up is a difficult job isn't a surprise to anyone.
"It was never going to be flashing a magic wand and getting a Premier League team, so the fact that we're having to work pretty hard to stay up in League Two is no surprise."