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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 creditors is the right answer. In this installment, Yoav will discuss a case where this occurred, as well as the steps he took with...

Best Practices for Turning Around Distressed Companies: Success Stories

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 authorities....

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

In the first installment, Yoav 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, Yoav will introduce the next steps for saving a distressed...

Best Practices for Turning Around Distressed Companies: The First Steps

As the COVID-19 quarantine required the closing of all non-essential businesses throughout the U.S., your business may be struggling to stay afloat. Even if your business is an “essential business,” your sales are probably much lower than before, and cash flow is a major issue....