Business Has Changed. Now What?
If you’re like most business owners, you’ve sacrificed a lot for your company, worked long hours, juggled payroll and vendors, and missed family events. Until recently, the business did OK!
But, today, things have changed.
The past few years have been tumultuous for the business and financial markets. The “Covid Recession” brought with it considerable contraction and upheaval for many companies. An improving economy has posed its own challenges as efforts to shed excess capacity and to deliver have left many business owners unable to meet the rising demand.
You certainly didn’t plan for this to happen, but your business is struggling. . . and the pressure is mounting.
What’s the answer?
A guided turnaround works well for business owners who realize that trying something different is better than continuing on the present course and risking the life of their business.
Status quo - you know - is Latin for ‘the mess we’re in.’
- Ronald Reagan
Before reaching out for professional help, you naturally have questions, such as:
‘What exactly is involved in a turnaround?’
‘What about my reputation in the community?’
‘Is there a proven strategy I can rely on?’
We’re passionate about helping you maximize and solve your financial opportunities and challenges, at an affordable cost and in an empathetic manner.
Our business is your business and we are dedicated to working with owners to develop a specific turnaround plan to get you back on the right track.
The Turnaround Process
A guide to accomplish this is the Turnaround Roadmap. Our experiences are based on our decades of experience of managing businesses through tough times and helping owners revitalize their companies.
The Turnaround Roadmap is particularly effective for business owners who have the following characteristics:
A strong work ethic and the will to succeed;
Maturity to know their company needs something other than more money to heal itself and stay healthy; and
Manage a business with annual revenue of $20 Million to $100 Million.
Our Services
Turnaround Services
Assessments of problems and development of alternative corrective action plans
Business turnaround and planning
Revenue and margin optimization
Financial modeling and projections
Cost reductions and downsizing/rightsizing
Negotiations with lenders, creditors and customers
Refinancing and capital acquisition
Performance Improvement
Operational assessments
Industry positioning
Marketing plans and margin improvement
Integration and streamlining
Productivity improvements
Product line rationalization
Cost accounting margin validation
How Does This Work?
When you hire us as your turnaround consultant, we will develop a custom turnaround plan for your business and help you implement it.
First, we will stabilize your cash flow so we can calm things down with your lenders and creditors.
Second, we will conduct a series of tests to diagnose your business problems. Based on the results, we’ll recommend solutions, prepare a cash forecast, and develop a written turnaround plan for your company. We have the ability to not only analyze financials but also the operations of the business.
Third, we will prepare a series of action items and help you implement them as you guide the turnaround to a successful conclusion.
Our turnaround assessments can typically be completed in approximately one month. In difficult cases, additional time may be required.
Turnaround Experience Matters
If you were looking for a medical specialist to treat a life-threatening condition, you’d naturally want one who knows what he’s doing. We’ve been doing turnarounds for a long time and have the expertise and industry credentials to prove it. A long list of clients have successfully turned their companies around and regained their profitability.
How to Get Started
The first step is a complimentary two-hour discussion. This enables you to learn more about the turnaround process and what is involved. This discussion will also allows you to learn more about us and how we can help you.
You’ll know at the end of the call if the chemistry is right and you want to proceed.
Please contact us to schedule the initial discussion.
