Turnaround management involves the review and analysis of a company to determine why it may be failing or in financial distress. This analysis will also identify company strengths and areas in need of immediate improvement. Any company that is facing financial difficulty should immediately contact a professional in order to mitigate further business loss.
What causes Turnaround Management?
- Changes in market conditions putting a company at risk
- New competing products in the market that put existing business activity at risk
- Major failure in business control and management systems
- Management does not have the skill set to continue and often business is already strained due to past activity
What are the expected outcomes of Turnaround Management?
- Comprehensive company led turnaround plan that will be used to ensure the continued support from all key stakeholders
- Continued support and assistance with negotiations and execution of the turnaround plan in addition to mentoring the board and senior management team
- Understanding the finance options available to the company
- Overcome business weaknesses
- Manage and overcome business threats
- Improvement in business control and management
- Build and develop on existing strengths
How can SV Partners help?
With the help of a team of skilled professionals, better results can be produced for employees, creditors, directors and shareholders during the turnaround management process. SV Partners are able to adapt specific solutions to fix a crisis. Our main focus is the long-term running of the business and improvement of business performance. SV Partners have a team of professionals that are dedicated to assisting business owners, SMEs and senior management to overcome business challenges.
SV Strategic Solutions, an affiliated brand of SV Partners, specialises in areas of turnaround management and business improvement for SMEs in addition to following services:
- Business Diagnostics
- Business Planning & Growth Strategies
- Business Performance & Improvement
- Investment Readiness & Exit Planning
- Coaching, Mentoring & Board of Advice
- Turnaround Management
For more information on how we can assist your business, visit svstrategicsolutions.com.au or call 1800 246 801.