Business Turnaround Consultants
Diagnose The Situation With Our Business Turnaround Management Consulting Services
Our turnaround management consulting firm’s services include discoveries, financial restructuring, cost reduction and revenue improvement opportunities.
The Goal of Turnaround Management Consulting
What is turnaround management consulting? The objective of our business turnaround consultants is to determine the severity of the situation and whether it can be turned around. This analysis culminates in formulating a preliminary action plan stating what is wrong, how to fix the situation, key strategies to turn the entity in a positive direction, and a cash flow forecast to understand cash usage. This analysis answers questions like, “Is this business viable?” “Should we save it?” “Do we have the cash resources to fuel the turnaround?”
Developing a Plan
As a business turnaround consultant, our first task is identifying all the major players within a troubled company and working with these players to diagnose the situation. We then report back to equity owners and/or lenders whenever we identify an issue. Finally, we use the combined knowledge of all stakeholders to develop a turnaround plan and strategy.
“[They] arrived well-prepared and with a strong understanding of the business and the critical issues contributing to the decline allowing them to hit the ground running and make substantial improvements within the first 90-days.”
Operational strategies that our business turnaround consultants may employ include increasing revenue, reducing costs, selling and redeploying assets, and competitive repositioning. Our turnaround management consulting services also focus on strategic initiatives that may include adopting sound corporate and business strategies and tactics and setting specific goals and objectives that align with the ultimate goals of stakeholders.
Turnaround Case Study
Panorama built trust and loyalty and effectively managed vendors, which generated $7.2M in sales.
Analysis and Action
Our analyses are informed by contracts and financial documentation, industry expertise and years of experience as business turnaround consultants. You will benefit from our devoted turnaround consulting firm’s team of experts with experience across industries.
Our analyses help you gain control of the situation – particularly the cash – and establish breakeven. As a business turnaround consultant, we understand the importance of centralizing the cash management function to ensure control – if you stop the cash bleed, you enable the entity to survive.
Another way we ensure survival and protect the asset value is by demonstrating to stakeholders that the business is viable and in transition.
A Path to Stabilization
Reaching a Consensus
Once we’ve performed our analysis, we present it to the equity owners and/or lenders. If everyone agrees with our recommendation, we immediately get to work to enact our strategy and execute our turnaround plan.
The turnaround roadmaps that our business turnaround consultants develop are effective because they move quickly through each stage in order to return the organization to profitability.
Reaching a Consensus
Once we’ve performed our analysis, we present it to the equity owners and/or lenders. If everyone agrees with our recommendation, we immediately get to work to enact our strategy and execute our turnaround plan.
Our turnaround roadmap is effective because it moves quickly through each stage in order to return the organization to profitability.
Think First, Act Second
Do you need a fast response without compromising the details? That’s just what our business turnaround consultants provide.
