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Experience is Critical
Bad things do happen to good companies and management
teams, but usually are not fatal unless neglected.
Losing valuable time between recognition of a problem
and corrective action rarely improves the result.
Experience is the key “driver” in turnaround
services. Stakeholders simply cannot wait for something
to happen. The principals in our turnaround practice each
have more than 35 years of relevant experience as business
owners and advisors to privately-owned companies ranging
from startups to $250 million in revenues.
When might I need turnaround
consulting or management? 
- Turnaround Consulting working
with current management to rapidly evaluate key business
issues and formulate an action plan to quickly
improve financial results.
- Turnaround Management added
day-to-day advisory oversight of the action plan
execution to ensure rapid results.
- Interim
Management is an indefinite service period
as a C-level executive (CEO, COO, CFO, CIO) while your
company searches for the right permanent officer.
- Advisory
Services includes executive services
to the Board of Directors and senior management on regular
basis.
When or why might
I need turnaround
consulting or management?
Time is of the essence in turnaround services because
cash resources are scarce. Cash preservation is the first
priority, followed by cash generation. Then, a plan is
executed that fundamentally changes the company’s
focus toward key business drivers and improving key business
processes. Our time-tested process includes:
- Rapid assessment of current problems and opportunities.
- Targeted
focus on preservation of resources — cash
preservation and restoration.
- Re-focus the leadership
team onto critical issues and activities to improve results.
- Development
and execution of an operational, financial recovery
plan or change management plan.
- Our process is
custom-tailored to fit your company and will give regard
to your unique operating situation and financial condition.
Usually,
analysis and the development of a detailed action plan
will occur within 30-45 days from engagement inception.
What is the process?
Turnaround Process Steps
What kind of success
has the turnaround team had?
Turnaround
Case Study
Why should I engage
Brown Smith Wallace?
Rapid recovery requires a number of strategic and operational
skills that can be developed and honed over time with concentration
of effort: Our value lies in our ability to do the following
quickly:
- Rapid assessment of problems and opportunities
- Immediate
focus on preservation of resources
- Focus management on
critical issues and activities
- Operational planning
- Financial recovery planning
- Change plan
Our senior consultants have 35 years of experience as
business owners or advisors to rapidly growing or changing
middle market companies.
What else should I consider?
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