Turnaround Management

Episode 55: Declaring Victory in Your Turnaround – The Stabilization Phase

In the final episode of a three-part series on turning your business around, we discuss ways to use the changes you’ve made to return to being profitable again. It is important to pay attention to the new control systems that have been put in place so that you don’t end up back in the same…

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Episode 54: Emergency Action- What To Do When You’re Running Out of Cash

In this episode, we discuss step 2 of the 5 stages of a turnaround, the emergency action stage. We give several practical actions that you’ll need to take in order to get your business through to the next step. It’s all about cash. And you’ll need to map how it comes in and goes out…

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Episode 51: The Second Most Important Person to Build a Strong Company

The discussion on turnaround management continues today with a discussion on weak finance function. As a business owner, it is your responsibility to have integrity and to hire people to work in finance who will hold the line. It’s not just about the numbers, it’s about recording financial data according to fundamental principles with correct…

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