We serve small businesses from all industries and in every phase of your business.
- Newly Purchased Businesses
- Existing Businesses that want to get to the next level
- Poor Performing Businesses/Turnarounds
We leverage your industry expertise and work with you to establish sustainable business practices and goals that promote revenue growth, increase profits, maximize the value of your business and provide peace of mind for you.
Poor Performing Businesses/Turn Around
- Is your business consistently losing money each month?
- Have you lost hope of re-gaining profitability?
- Is your bank, suppliers or other debtors putting pressure on you?
- Are you in fear of losing your business?
- Are you losing more customers than your gaining?
- Is your plan for turning the business around – hope?
Having owned my own business and working closely with my customers during several recessions and the great recession of 2008 I have more experience than I wish to in turning around businesses.
We will bring a sense of urgency to your situation. The turn around process can be a long and painful process especially if you’ve spent years building your business, but the sooner you get started determining and addressing the problems the sooner you will begin to enjoy the success you once had or always planned for. Being a third party we will bring an objective point of view to your business and assist you in making the tough decisions in order to turn the business around. This may include laying-off key employees, cutting non-profitable lines of business or firing customers that are no longer profitable.
The first step in any turnaround is determining what needs the most immediate attention and addressing those problems first, in most cases this will be improving cash flow so you can pay your bills. We will put together a ninety-day cash flow plan that may include negotiating payment plans on your behalf with suppliers and creditors. It maybe putting collection practices in place in order to reduce outstanding receivables and/or reducing expenses all designed to improve cash flow.
Once a short-term cash flow and business plan are in place, we will begin to work on the larger picture and work with you to make the necessary changes within your business to get it growing and profitable again. This should include a Strategic Business Plan accompanied with a longer view cash flow plan and marketing plan.
If part of the Strategic Business Plan is to sell the business we will assist you in preparing your business for that eventual sale so that it may bring in the highest possible price.
If you are willing to work hard and bring a positive attitude to the situation we will help you overcome the difficulties you are experiencing giving your business the very best chance to succeed again.