Any business in its life-cycle can face issues of under performance, and financial distress. The reasons can be simple, or complex, and range from: change in market conditions, availability of financial resources, bad debts suffered or inefficient management structure.

 

When this occurs, management needs to reverse the downturn and return the business to profitability. For smaller organizations, this shift needs to take place quickly to ensure that the company's long-term position does not suffer irreparable damage. With so much at stake, a calculated, methodical approach is required.

 

3 Key parts to Turnaround Management to help turn around the troubled business:

 

a. Liquidity Management & Planning

 

b. Understand Business Model & Identify Operational Improvements

 

c. Executing Turnaround Plan around the route map to recovery

 

This is enabled by a turnaround practitioner through a collaborative process by creating a share purpose and sense of urgency in line with the plan of action and involvement of the right stakeholders all along the way.

 

We bring an overall expertise, partner with the organizations facing operational or financial challenges to formulate a strategy,and implement it to avoid the troubled company's situation deteriorating further, over time.