Turnaround management is a process that uses analysis and planning to identify and rectify declining market performance. Our highly trained and experienced business advisors, examine your problems objectively, isolates the key areas of concern and implement a solution to return your business to its former glory.
Our broad experience across a multiple of sectors and industries enables our Turnaround Managers to make critical decisions quickly and set the company back on a path to recovery. If your business has noticed a decline in performance or an inability to thrive, consider an objective, third party turnaround manager to quickly isolate the problem and offer alternative processes to compensate. The engagement is usually short term and project based.
Our four-step process to recovery will be tailored to your needs and progress through the following stages:
Analyse
The first stage of the engagement will involve information gathering, understanding the businesses major issues and assessing the severity of the company’s problems. A detailed assessment of the company’s strengths and weaknesses.
Plan
Development of a strategic plan with specific quantifiable goals and actions will be prepared and presented to the key stakeholders of the business. The communication of this plan is crucial as it can restore confidence that the business can work through its difficulties.
The plan will typically include financial, marketing and operational objectives that will improve working capital, reduce operating costs and improve budgeting and pricing.
Implement
Initially the return to a positive operating cash flow position is imperative, so once the agreed strategic plan is finalised we facilitate it’s implementation. This can be a stressful and difficult time as the business will go through significant change but we are here to help you implement this, manage change and guide you through this process.
Returning to business as usual
Stopping the decline and losses is one thing, but returning the business to a point where it achieves an acceptable return to its owners and shareholder is the next important step. Our managers implement this step in order to get your business back on it’s feet.
At William Advisory Group, we have the experience, qualifications and commercial understanding to guide you through this turnaround management process.
Join 2,400+ businesses increasing their profits with our regular insights.
© 2019 William Advisory Group. Site by SpikeMedia.
