Does your business show signs of being “distressed”: cash is short; no new customers; winning fewer bids; competitors have better costs or equipment; key people considering leaving; profits disappearing?
Some distressed businesses are candidates for a “turnaround”: returning to profitability after shedding costs and focusing on the best products and assets.
It starts with a quick viability analysis, followed by a more thorough review of customers, products, competitors, processes, suppliers, and lenders.
While managing cash from day one, the Turnaround Manager finds “quick wins” and stabilizes the business before it attends to growth.
Tom Gray helps owners save and grow their companies. He is a Certified Turnaround Professional (CTP) and a member of the Turnaround Management Association. For more on CTP, click here.
His experience with turnarounds includes Warwick Valley Telephone, Mooney Airplane Company, MobilTel, MobTel, Belgacom, and several small business turnarounds in the Chicago area.
Tom knows what to look for, and he knows what to do with what he finds: marketing, operations, processes, finance. For his “Key Questions in a Turnaround”, click here.
He has the experience, he has the practical techniques, and he has the personality!
“Tom Gray has been the crucial ingredient in turning around two of my companies. He and his team deliver clear analyses and feasible action items quickly, and then I use Tom and his people to either make them happen, or help my people do it.” Herbert Cordt, Principal, Cordt & Partner
