Turnaround specialists are a relatively new breed in the international business world. They evolved to assist business owners who need support from time to time, business owners under pressure due to an era of increased litigation, tighter monetary controls, increasing mandatory statutory compliance obligations, reduced demand, cashflow issues, margin squeeze, increasing employment costs and those facing productivity and costs challenges.
Turnaround management is a unique skill set; it not only applies to distressed companies’, it can help in any situation where a general change in direction needs to be implemented. In troubled companies, for turnaround to be successful, or to achieve an orderly exit, time is the crucial factor; delay can often mean the difference between recovery and regression.
Corporate Rescue are outsiders coming into your company with fresh eyes. We have no agenda other than to see you succeed. Sometimes, the business owner can be too close to an issue in order to be able to make non-emotional, essential decisions and they need a helping hand. Our advice is non-biased, we will bring a well balanced approach, incorporating practical solutions to complex problems.
Corporate Rescue brings experience through helping other businesses in similar situations.
We do this every day of the week. We offer practical suggestions and breathe life back into situations that can look all but lost. Our approach is a six step process:
- initial assessment; a free, confidential, no obligation meeting
- triage; the process of determining priorities for treatment
- evaluation and assessment; including capability and opportunity analysis
- retrenchment; describes wide-ranging short-term actions to reduce loss
- repositioning; adopting the preferred business model going forward
- renewal; implementation of transformational changes in the way of doing business