Frequently Asked Questions About Business Turnaround
Below are answers to frequently asked questions. If you find that your question is not addressed here, please contact us.
If you’ve found our website, there’s a good chance now is the right time to reach out. If you’re considering borrowing further or experiencing any of these challenges, it’s time to contact us:
- Poor cash flow
- Loss of customers
- Actual bank covenant breaches
- Creditor or debtor aging issues
- Declining margins
- Missed forecasts
- Staff turnover
- Difficulty obtaining financing
Step one is a meeting between Patrick Rettig and the company CEO. This will include an evaluation, and require a full set of financial statements.
As long as it takes.
While The Rettig Corporation doesn’t typically require a contract, it will happily accommodate clients who request one.
No two clients are alike; therefore, a standard fee cannot be quoted. Preliminary meetings will address the company’s current financial condition, as well as the course of action to be pursued. Payment structure will be addressed at that time.
Our intention is not to add financial pressure to your already trying situation. Our intention is to provide relief, which is why we work out a mutually agreeable plan. There are no hidden or additional costs.
As long as it takes.
As often as is required to make the plan work. Additional meetings are never an issue, whatever needs to be done, will be don
For the first meeting, a full set of financial statements will be reviewed by Patrick Rettig and the company CEO. We may also need to speak with other key players who understand the intricacies of the organization.
Creditors will be notified only when appropriate.