How to steer your business through times of financial distress and achieve sustained profitability Corporate Turnaround Artistry is a complete guide for entrepreneurial companies in times of financial distress—presenting effective strategies and proven methods to revive and rehabilitate your business. Uncertain economic times have significantly altered the financial resources available to struggling businesses. Narrowing margins and mounting internal and external pressure has taken their toll on many companies. Fortunately, most businesses can be repaired while maintaining their existing revenue structure. Offering practical steps that go beyond simple cost-cutting and sales-building advice, this invaluable guide teaches you how to control cash, secure financial relief, and develop a comprehensive turnaround plan that your employees, customers, and creditors will support. Business leaders and entrepreneurs often fall into the trap of assuming new debt when tough times strike. Author and Certified Turnaround Practitioner Jeff Sands shows that to many struggling businesses, more money is no longer the answer to the problem. Expert advice on topics including cashflow stabilization, short and long-term profit sustainability, lean management techniques, and more, provides the framework to timely and efficient corporate turnaround. From identifying the initial cash crisis to meeting with creditors and developing a plan, this essential resource will help you: Stabilize your financial liabilities and re-structure your debt Implement effective turnaround strategies without significant changes to your corporate structure Preserve the positions of your current employees and their community Give yourself a fresh start with a lean and agile business Thousands of businesses fall into financial stress every year—oftentimes in sudden and dramatic fashion—leaving CEOs and owners asking the question “How do I save my business”? Corporate Turnaround Artistry: Fix Any Business in 100 Days provides the answer.
Corporate Turnaround: How Managers Turn Losers Into Winners!
When firms are on the brink of failure, only turnaround management can restore performance and profitability. The key is to provide stability and create cash (and a breathing space) for...
This engaging book explains the main causes and warning signs of financial distress.
"This is an admirable guide to the increasingly specialized business of corporate turnaround; I wish I had it when I started at BT in 2001." —Sir Christopher Bland, Chairman, BT Group "Why wait for a crisis to hit before reading this book ...
The Turnaround Manager's Handbook
Decidedly not for the CEO looking for an instant fix, this book demystifies business restructuring and makes plain the best practice cost-reduction techniques with a proactive approach to jump-start your restructuring program, reap the ...
Partnering with Ed for this edition are Edith Hotchkiss, who has contributed for more than 20 years as a scholar and advisor to the development of the distressed debt field, and Wei Wang, known for his distinguished record as both a scholar ...
Is Your Company Drowning?When you want your company to rebound from a downturn; to fly to greater heights; and to achieve success, Failure is Not An Option is the Operating Handbook to get you to your destination.
" The takeaway lessons in this illustrative story are sure to spark your ideas on how to turn a troubled company around and help you take proactive steps toward financial stability and profit.
This volume encompasses a broad spectrum of crises facing an enterprise and its management and, in each case, identifies the central players and their agendas, as well as an assessment of potential techniques or tools available for ...