Picture this: you have your own company and you just finished a big project for one of your customers. You send the final invoice, expecting…
Category: Turnaround Management
In this blog category, you will find blog posts related to turnaround management and bankruptcy.
Cash flow management is one of the most crucial elements of a successful business. Many people mistake cash flow for profit. They are actually two…
According to Conversion, 54% of millennials will cut off business due to poor customer service. 50% of Gen Xers and 52% of baby boomers agreed.…
Businesses must first have financing in order to undergo a successful turnaround. The key to planning a successful turnaround is finding the right financing partner.…
While not all companies can return from a crisis, most can be saved with the right strategy and people working together. First, in order to…
A study by Nonprofit Quarterly found that the most effective board-CEO relationships place more emphasis on flexibility, dialogue and utilizing each person’s unique abilities than…
Corporate social responsibility (CSR) is getting more and more important as consumers demand more from corporations. They want to know that the money they spend…
Why do some businesses fail and others thrive? According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. Typically,…
According to Investopedia, a turnaround refers to steady, positive movement experienced after a significant period of performance decline. There will always be distressed businesses that…
It was announced earlier this month that retail giant Toys”R”Us will be closing all of its stores this year. The demise of the toy company…