Turnaround Advice
"We work closely with management to develop a realistic and achievable business turnaround plan"
What we do ...
These 6 steps represent our approach to working with you, however we appreciate that many issues require unique solutions, so this is a guideline only.
Step 1
Turnaround Solutions aims to open discussions immediately following contact. We will make an initial assessment and provide honest feedback. We will not waste your time.
Step 2
We can help, Turnaround Solutions would seek to meet with management as soon as is practicable, according to your deadlines.
Step 3
We provide 24 hours of meeting management.
Step 4
We will undertake high-level analysis to determine key issues and agree a 100 day plan for moving the business forward.
Step 5
We will work with management on the delivery of tangible outcomes and provide stakeholders with confidence.
Step 6
We provide ongoing support to management to ensure an embedded approach. The typical areas we would need to focus on will include:
- Strategy
- Reviewing products and markets to assess the real contribution made by each of these
- Aligning costs with revenues and making appropriate cost reductions
- Rationalising operations and facilities to improve efficiency and release cash
- Disposal of under performing and non-core businesses
- Strategic acquisitions to strengthen core activities
- Identifying skills and resource gaps in the management team
- Reviewing financing and working capital arrangements to improve terms
- Obtaining specialist advice where needed