Corporate turnaround is a process dedicated to saving troubled businesses. Many businesses fail each year due to a lack of sound financial management, process controls, and strategic growth planning that can completely turn the future of your company from a downward trajectory to exponential growth. When a company is on the brink of failure, immediate solutions are needed
Immediate Turnaround Plan
A short-term strategy to keep a company afloat during the rescue efforts is to decrease costs while increasing sales to create immediate increases in EBITDA — earnings before interest, taxes, depreciation, and amortization. There are many ways to achieve this and your consultant can discuss your current situation and goals to plan the best option.
Banking or Lender LOC and Term Negotiations
As part of financial planning and recovery, we can help negotiate with lenders and financial institutions with whom you hold debts. Establishing favorable lines of credit and a repayment plan will help reduce the immediate financial burden during your financial restructuring.
Raising Capital
Raising capital is the key to a successful recovery. To do so, we can help you approach and establish new investors to invest in better operational and financial processes that will allow for long-term growth. It is important that during this phase strategic growth planning is completed and operational efficiency evaluated.
Operational Restructure
Cyclical operational evaluation and restructure is a critical element to coping with the changing business environment and handling growth. During a turnaround, operational restructuring is one of the single most important elements that are necessary for improving overall efficiency and productivity while controlling costs. Immediate changes to operational processes and personnel can be useful in increasing profitability.
Financial Restructure
Financial restructuring is the reorganization of a business’ assets and liabilities. Financial restructure can be done at any point, not necessarily in the face of trouble. However, in a corporate turnaround, financial restructuring is critical. Financial restructuring can include renegotiation of vendor pricing and payment, re-evaluation of investors and lenders, and review of accounts receivable.
If your company is struggling or you are experiencing growth that you have not been able to keep up with, contact us at Benchmark Consulting Group. Our approach to corporate turnaround services is to work with you to identify strengths and weaknesses and then make adjustments to reach maximum profitability. We will also set you up with plans for a successful future. Contact us for your evaluation today.