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What to do with failure

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Entrepreneurs, businesses, projects and even relationships are measured by how successful they are, meaning what goals they’ve accomplished and how much time has passed without failures. However, any entrepreneur or inventor will say failure is part of the learning process...

Yoav Cohen Featured on MeetAdvisors’ Next Game Changer

Yoav Cohen is an interim executive who has successfully helped turn around countless struggling companies. As the CEO of NYC Advisors, LLC, an executive advisory firm, Yoav regularly works with companies that are facing hardship and are threatened by financial difficulties. His...

Best Practices for Turning Around Distressed Companies: Effective Communications and Outreach Protocols

When a company has liabilities that will be difficult to meet with current or projected cash flows, it’s imperative to understand the degree of capital gaps and the potential impact. Are there impending events that can trigger a covenant breach? How will any revolving line of...

Best Practices for Turning Around Distressed Companies: Successful M&A Transactions of Distressed Assets

It is important to remember that a turnaround is not always possible, and sometimes closing the company and/or selling off its assets to pay down the creditors is the right answer. In this installment, Yoav will discuss a case where this was necessary, as well as the steps he...

Best Practices for Turning Around Distressed Companies: Success Stories

In this installment, I will discuss a few success stories of companies where I implemented this process. A $50M public telecommunications company had a successful turnaround from a $4.5M loss to a $2M and $2.8M profit in the following two years by: Reviewing their existing...

Best Practices for Turning Around Distressed Companies: No One Likes to be Surprised

It’s important for all key stakeholders to be aligned, and that means talking to people outside of the company. This can be difficult to do for a variety of reasons, but swallowing your pride and having tough conversations with outsiders is crucial for a successful turnaround....

Best Practices for Turning Around Distressed Companies: The First Steps

In my practice, I meet many business owners and CEOs that, unfortunately, didn’t spot the signs that led to their company being on the verge of insolvency or bankruptcy. There are several signs that a company may be in distress, including strained financial resources, demoralized...

How To Succeed in Turning Around Distressed Companies

Many business owners/CEO’s unfortunately don’t spot the signs that led to their company being on the verge of insolvency, or bankruptcy. So what are the signs that your company may be in distress? Strained financial resources demoralized senior management fearful employees...

How To Achieve and Maintain Sustained Firm Excellence

Yoav was a guest speaker at an IvyExec Webinar on October 1, 2013. With his unique combination of Fortune 500, public mid-sized companies, consulting and start-up experience, Yoav Cohen discussed identifying problems within organizations and changing course to achieve firm...

CFO Best Practices for Sustained Excellence

Yoav Cohen shares tips based on his experience as a CFO for sustained excellence and best practices for any company.  
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