Business Turnaround
Is your business experiencing any of the following?
Are you experiencing cashflow problems or reduced profitability?
Is your business experiencing increasing debt levels that you can’t seem to reduce?
Does your business require revolving debt for month to month operations?
Have you had to compromise the quality levels of your products and services due to financial or operations constraints?
Are you in desperate need of immediate relief and a stable financial and operational future?
If you answered yes to any of the above questions, your business is in need of a business turnaround plan. Most businesses in distress can be saved if the necessary corrective actions are implemented within a clear and defined business turnaround plan.
A business turnaround plan is a more informal and affordable option compared to business rescue. It is a process that can save your business before it requires business rescue. This being said, it is most suitable when you approach us for assistance early, before your business is too severely financially strained, and before legal action is instituted.
With a turnaround plan we can identify the operational and financial complications in your organisation and formulate a plan of action to assist your organisation to trade out of the troublesome times.
Here is an example of when a business turnaround plan can come into effect.
Bob owns a manufacturing business; he purchases his stock on credit and allows his customers to do the same. This has put Bob in financial difficulty because he cannot afford to pay his creditors in time and seems to be further increasing his debt each month. Due to this he has had to purchase lesser quality products from an alternate supplier in an attempt to lower his operational costs and pay off his debt. However, his customers did not appreciate the lower quality products, leading to a reduction in sales and profitability. Luckily Bob realised his situation early enough and contacted us to help his business. We formulated a business turnaround plan that helped Bob get back on track with a once again profitable business offering quality products, with happy suppliers and customers.
Submit your contact details below and we’ll get in touch with you.