Business Turnaround Strategies

“WE CANNOT SOLVE OUR PROBLEMS WITH THE SAME THINKING THAT WE USED TO CREATE THEM”

ALBERT EINSTEIN

A guided turnaround works well for business owners who realise that trying something different is better than continuing on the present course and risking their business life.

Businesses are rest-assured in our services offerings below so that they can focus on your core business and leave the back-end services to the professionals.

Business Turnaround Services Offered:

Formulating, developing and implementing a business turnaround proposal and plan

Determining a business model

Assessing revenue and margin optimisation

Accessing a financial model and projections

Formulating cost reduction and downsizing/rightsizing plan

Negotiating with lenders, creditors and clients

Determining refinancing and capital acquisition

Accessing and developing a performance improvement plan

Assessing operational processes and procedures

Formulating, developing and revising a marketing plan and strategy

Refining the business model

HOW BUSINESS TURNAROUND CAN SAVE YOUR COMPANY FROM LIQUIDATION

If you’re like most business owners, you’ve sacrificed a lot for your company: worked long hours, juggled payroll and service providers, and missed family events. Until recently, the business did okay and provided you with a nice income.

Suddenly, things have changed. The past few years have been tumultuous for business and financial markets. The “Great Recession” brought with it considerable contraction and upheaval for many companies. A declining economy has posed its challenges as efforts to shed excess capacity and still deliver have left many business owners unable to meet rising demand.

Before reaching out for professional help, you naturally have questions, such as:

‘What exactly is involved in a turnaround?’
‘What about my reputation in the community?’
‘Is there a proven strategy I can rely on?’

We’re passionate about helping you maximise and solve your financial opportunities and challenges at an affordable cost and in an empathetic manner and dedicated to working with owners to develop a specific turnaround strategy to get you right back on track.

THE TURNAROUND PROCESS

One of the tools we utilise to accomplish this is the Turnaround Roadmap. We base our expertise on decades of experience managing businesses through tough times, chartering them through stormy waters to safer shores.
The Turnaround Roadmap is particularly practical for business owners who have the following characteristics:

  • A strong work ethic
  • The will to succeed.
  • The maturity to recognise that their company needs something other than simply making more money to heal itself and stay healthy.

 

HOW WILL THE BUSINESS TURNAROUND PROCESS WORK FOR YOU?

When you hire Platinum Business Solutions as your turnaround consultant, we will develop a customised Business Turnaround plan for your business and assist you in implementing it. Our three-step program that leads to immediate benefits includes.

Stabilising your cash flow to calm things down with your lenders and creditors.

Conducting a series of tests to diagnose your business problems. Based on the results, we recommend solutions, prepare a cash forecast, and develop a written turnaround plan for your company. We can analyse not only your financials but also the operations of the business.
Preparing a series of action items and assisting with implementing them as you guide your company’s turnaround to a successful conclusion.

“TURNAROUND OR GROWTH, IT’S GETTING YOUR PEOPLE FOCUSED ON THE GOAL THAT IS STILL THE JOB OF LEADERSHIP”

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