Key Signs To Warn You That Your Business Is In Trouble

Vantage Performance has won two national industry awards for helping troubled businesses turn things around – here Phil Jefferson details key warning signs to watch for

Strategy Implementation – From thinking it to doing it!

In my last blog I spoke about the two phases a distressed business needs to consider in order to realign their business – phase one is do a strategic review, phase two is implement the turnaround. In this blog I will concentrate on the implementation phase of a turnaround and some problems that I have [...]

Why Do Businesses Fail?

Simply put, turnaround management exists because businesses fail. During my time in the insolvency profession, I was astounded by the number of owners/managers of defunct businesses who were convinced that their business failed through either someone else’s fault or just sheer bad luck.

The 3 Stages Of Turnaround Management

Turnaround Management is a fairly new concept but the results it achieves in terms of saving troubled companies means many more businesses will become familiar with the concept. Keith Bailey of turnaround specialists Vantage Performance explains the 3 stages of turnaround management.

First Steps In Turning A Troubled Business

There are many external factors beyond management’s control which can put considerable strain on a business. In all cases, what is critical is not how they got into trouble, but how the business can redefine its strategic direction to mitigate further losses and maintain stakeholder confidence.

Turnaround Management – An Overview

Goal of Turnaround Management The purpose of turnaround management is to: Determine if the business is still viable or what is required to restore viability Develop and implement a turnaround management plan Rebuild bank support Restore shareholder value What’s Involved in Turnaround Management A review of operations and financial performance (ie. P&L, BS, Cash Flow, [...]

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