What does “Turnaround Management” include?
The need for turnaround management consulting can be seen in several types of situations…
- Crisis Management Situations
- Companies “In Transition”
- Businesses Under Financial Pressure
At times this can mean there is a need to work with lenders and creditors. Some special situations may be resolved by obtaining buyers and refinancing. Still at other times the need may be for “fiduciary services.” This can be notably true in cases such as “wind downs,” a need for plan administration or managing trustee roles. In some cases there is a need to resolve pressure from lenders or vendors.
Options might include bankruptcy, recapitalization or simply working with a financial advisor. In any case it makes sense to work with qualified, experienced consultants who can help accomplish and facilitate the right solution.
CCMC does not practice law. We are connected with law firms, CPAs and other specialists who may be required in some cases. Possibilities can vary whether the business is a manufacturing, distribution, real estate or professional service company.
With “Businesses Under Financial Pressure” solutions may include…
- Preparation of budgets
- Projections and financing packages
- Interim CEO or CFO executive management
- Resolving difficult accounting and tax problems
- Training staff
- Cash flow analysis
- Underperforming or troubled asset analysis
- Vendor and/or lender negotiations
In the end it is necessary to develop and implement systems and practices geared to restoring the profitability of the client. CCMC is uniquely effective when the solution revolves around marketing, sales and operations.
One free face-to-face meeting will help your decision!