Business Recovery "Bad things happen to good people."
We have all heard this phrase many times before but the fact remains that sometimes a business will have a downturn during its business life. Market conditions and the economy change and businesses can get caught in the middle.
Business Recovery or Turnaround professionals can step in and look at the situation with fresh eyes and be objective in making the changes needed to put a business back on its feet. With no political agenda or obligations, unpopular decisions can be made quickly and efficiently.
Signs of a troubled business
· Lender relationship problems
· Too much business with just one customer
· Not enough staff
· Ineffective management
· No business plan
· Family business in-fighting
· Uncontrolled growth
· Too diversified
· No operating controls
· Market timing problems
· Ineffective accounting system or controls
· Poor creditor relationships
· Poor attitudes everywhere in the company
Businesses are similar to trains. It take a lot of energy to start and stop and very little to keep going. Your business is worth saving.
We have both pre-petition (before bankruptcy) and post-petition (after bankruptcy) experience and can help your business through its recovery.
We bring in other turnaround professionals as needed to insure that your recovery is swift and effective. We also assist other turnaround professionals in their recovery work in a supporting role.
If your business is struggling, whether from cash flow or market strategy problems, it is worth your while to check out a turnaround professional.