Many business owners/CEOs unfortunately don’t spot the signs that led to their company being on the verge of insolvency, or bankruptcy. Senior management has to constantly monitor the company’s performance (at least on a monthly basis), so they can spot, and quickly...
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. I received an urgent call from an asset-based lender asking me to conduct an urgent review of their collateralized loan...
In the first installment, I discussed the importance of creating a written business plan, or a roadmap, on how to control costs, and how to deal with your employees. In the second installment, I discussed how to deal with customers, vendors, bankers and the tax...
In the first installment, we discussed the importance of creating a written business plan or a roadmap, on how to quickly and decisively control costs and how to deal with your employees. In this second installment, we will introduce the next steps for saving a...
