What Is Involved in a Turnaround?
Investopedia defines business turnaround as the financial recovery of a company that has been performing poorly for an extended time. Turnarounds mark a period of improvement while bringing stability to a business’s future.
It is hands on and first requires acknowledgement of the company’s problems, consideration of required changes, and the development and implementation of a problem-solving strategy. Turnarounds are pre-insolvency and informal actions taken by the business.
The goal of the business turnaround is to improve the finances of a business and restore – or create – profitability. SME Turnaround is here to help that recovery and avoid the steps that are required if you do nothing.
Our process is based around the strategy and execution of a new business plan, your people and working capital solutions.