We’ve found that companies needing a turnaround are typically in a constant “fire drill” state of mind and are continually implementing only temporary solutions to address immediate needs. These quick fixes (aka “Business Band-Aids”) may slow the hemorrhaging, but never really address the wound. Additionally, while your employees are in a state of panic, you may feel overwhelmed, overloaded and in desperate need of a fresh perspective.
We are experienced turnaround professionals and can help calm tensions while key decisions are being reached. We’ve found that the earlier a troubled business brings in a turnaround specialist, the quicker the recovery.
We have specific experience in:
- • Vendor negotiation
- • Creditor/lender intervention
- • Debt restructuring
- • Personnel restructuring including layoff planning
- • Interim management