To identify whether an organization is vulnerable or has been a victim of fraudulent behavior, it’s critical to spot common warning signs of internal fraud…Read More
After you have made the decision to do what it takes to turn around a troubled company and have devised a detailed plan to achieve your goal, it is now time to make sure all that strategic thinking pays off in the execution. In part three of our business turnaround series, we introduce the four leadership fundamentals that best contribute to a successful transition for your organization….Read More
Now that you’ve made the tough decision to try to save your troubled company, it’s time to roll up your sleeves and get to work on a plan of action. You’ll need to formulate clear goals for the turnaround, figure out what kind of cash flow will support those goals and map out a clear blueprint to follow. Taking these steps will give your company the best possible shot at survival….Read More
Does your company have what it takes to find a new way forward? The time has come to ask that critical question: can this business be saved, or is it time to let it go? Getting to a realistic and actionable answer can seem like an overwhelming task. But there are really just four basic elements that determine whether you have what you need in place for a successful business turnaround….Read More
Is it getting harder to profitably run your business? Are your revenues up but profit margins shrinking? Here are five often overlooked strategies and other actions that can help improve the financial operations of your business.
Stay focused on good customers. It’s easier to keep your current customers than find new ones, so make frequent touch points and closely monitor retention rates. Discuss future volumes and forecasts, and offer them incentives if possible.