- Quick results for a struggling business
Most businesses will encounter difficulties during their lifetime; sometimes they might only have weeks of operation left. The key is to accept that there might be a problem before it is too late, i.e. insolvency. Our Turnaround service is tailored to this need by quickly identifying and targeting major operational issues so that the company can get back into the green. We do this through internal changes rather than suggesting a loan to fix an unprofitable business. However, achieving a successful turnaround does depend on having enough time available to correct the situation and the access and full collaboration of the existing management team and stakeholders. The process is done in two stages. Stage One deals with quick stabilisation:
Current state review - to understand the issues faced by your business
Rapid change plan development - here we create the plan that will enable you to free up cash, increase productivity and reduce costs
Implementation - a quick implementation that stabilises the situation and creates a stable foundation for more time-consuming changes
Stage Two is then used to implement more long term and time-consuming operational redesigns. These could be up-skilling programs, investments, operational excellence, restructuring, outsourcing or many others.
Where to begin
The first step is a free of charge one hour meeting with one of our specialists. If need be this can be done over the phone. This will enable you to find out more about the turnaround process and how we can help you. It allows us to get an idea of the severity of the problem and to establish whether we are able to help you. At the end of the meeting you will have a better understanding of who we are and how we can help.
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