by NYC Advisors | Jul 21, 2023 | Turnaround
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... 
by Hana LaRock | Jul 13, 2023 | Business Consulting 101, Turnaround
In order for businesses to achieve operational excellence, it’s important to start by finding ways to improve operational efficiency. By focusing on a number of high-priority goals — from optimizing resources to streamlining operations — organizations can unlock... 
by NYC Advisors | Apr 9, 2023 | Turnaround
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... 
by NYC Advisors | Mar 25, 2023 | Turnaround
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... 
by NYC Advisors | Mar 25, 2023 | Turnaround
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... 
by NYC Advisors | Mar 25, 2023 | Turnaround
Although it seems that the economy is doing well, inflation is still an issue to reckon with, and, in certain sectors, it might be difficult to hire new employees. Consumers are expected to cut back spending amid higher interest rates and lower real incomes, and...
