Business Has Changed ... Now What?
You've sacrificed a lot for your company . . . worked long hours and taken risks. Until recently, it was worth it. The business ran well; you earned a good living and it was fun coming to work.
Today, things have changed. Cash is tight; the daily grind is wearing you down; and uncertainty is keeping you up at night.
This isn't where you want to be, but here you are.
Now what?
How To Avoid Business Failure
A Business Turnaround can work wonders if you are ready to get back on track. You will need to make some changes, and I can guide you through them. The tough part is accepting that what you are doing isn't working, and more of the same won't solve the problem.
While this may seem like a blinding grasp of the obvious, I meet business owners every week who confuse denial with a river in Eqypt.
Seriously, it has been my experience that those who survive harness their emotions and take action. Those who don't eventually fail.
The Big Questions
Like any responsible business owner, you have questions about what you are reading here. The three I get most often are:
---'What can a turnaround specialist do that I can't do myself?'
A specialist is trained in financial and operational turnaround techniques, which are very different than normal business practices. Also, a specialist can see and correct problems you may be unware of, because he is not emotionally attached to your business.
---'I've already cut expenses - what else is there?'
Quite a bit, actually. Achieving positive cash flow and repairing gross profit margins are top of the list, followed closely by dealing with ''sacred cows.''
And, you especially want to know:
---'If I hire you to help me, do you have a proven strategy I can rely on?'
Yes, I do.
''You can rehabilitate most any company by making it smaller so it produces positive cash flow, while you develop a turnaround plan creditors will accept. Then, you implement that plan.''
It should come as no surprise that creditors view professional guidance as confirmation you are serious about turning your business around (not to mention repaying the debt).
Free Turnaround Information
I've written a report that explains how to avoid bankruptcy and revitalize your company. It's based on my 32 years of experience with hundreds of clients and is titled Business Turnaround: A Roadmap for Owners. I'll be glad to send you a copy.
A Business Turnaround is best suited for business owners who have the following characteristics:
- The determination to persevere
- A coachable personality
- Responsibility for a business with annual sales greater than $2 Million
If you see yourself in this profile, I invite you to download and read, Business Turnaround: A Roadmap for Owners. This free report explains how to turn your company around, without getting deeper in debt. The report includes action tips and a list of resources.
After you've read the report, I invite you to call me if you have questions, or if you'd like to discuss how I can assist you. Regardless, I'm confident you will find Business Turnaround to be valuable reading.
If you want to know more right now, click this link: The Turnaround Solution. Otherwise, click on the bar below to get your free turnaround guide.
Best wishes,
Van Lanier
(703) 437-1211
P.S. It is very rare for a small business to emerge from Chapter 11 bankruptcy protection. In most every Chapter 11 case, the business runs out of cash and is liquidated via Chapter 7. The lawyers and accountants get their fees, but you lose the company. Despite what you hear, filing Chapter 11 will not fix a cash-starved business.
Lanier Turnaround Group, LLC
12801 Worldgate Drive
Suite 500
Herndon VA 20170
703.437.1211 phone
703.935.3212 fax
Van@LanierTurnaround.com
www.LanierTurnaround.com
