To the blog for small and medium sized business (SME) owners.

Tuesday, March 27, 2007

Business Turnaround

There are occasions when a business may enter a period of decline. If the downward trend is not recognised at an early stage and corrective action taken, the business owner may have to seek, or be forced to engage, an expert to oversee a business turnaround initiative.

Action taken at an early stage in the decline phase will undoubtedly be less painful for the business owner, both from the workload and finance impact.

Should the decline reach a stage when concerns are raised by investors or financial institutions, it may be that the third party appoint its own business turnaround expert in order to protect it's interests.

When a business turnaround professional is appointed, what steps are taken to ensure a turnaround success?

Read more on the actions taken in the business turnaround process.

No comments: