Why Use Our Turnaround Services?

Knowledge: When expert knowledge is needed that the management team does not possess.

Time: When there in not enough time for the management team to perform the consultants tasks without jeopardizing their current responsibilities.

Options: To obtain an objective third-party opinion.

How We Help
When we walk in the door, we step directly into the middle of the crisis. Vendors are stretched and working capital has dwindled due to shrinking sales and accounts receivable. We typically begin with calls to key creditors to take the pressure off management by creating goodwill with the vendors due to our reputation as turnaround experts. With the creditor pressure relieved, we begin a thorough analysis of your business. The analysis is performed as soon as is possible in order to provide a clear view of the situation and prepare a turnaround plan to bring about needed change. It is an important part of the turnaround process. The components of our strategic analysis include:

• We design and implement a financial dashboard to measure monthly results
• An evaluation of your real cash flow needs and availability is performed
• We identify opportunities for expense reduction and cost controls that will improve the prospects of success for the turnaround plan
• An assessment of the core business is performed to confirm its viability
• We review established goals, strategies and business plans
• We conduct an assessment of your management team to determine its strengths and weaknesses and which people are the best fits for going forward
• We perform an examination of the competitive market and understand the constraints
• An evaluation of product lines and market strategies is completed

Our approach is to consider the whole business, its relationship to the marketplace, its customers and its competitors. The result is the turnaround plan, where we present the steps and time required to return the business to financial health. We show you how to put these solutions in place and guide you through the recovery period and we stick with you to make sure things continue as planned.