Understanding the True Purpose of Chapter 11. The mere mention of bankruptcy often conjures images of finality and loss. However, the reality is far from this misconception. Bankruptcy, particularly Chapter 11, is not the end—it’s a strategic tool designed to...
How not to mess up when managing your business’s money. Avoiding these typical blunders can greatly improve a company’s financial health. It is not only important to make money but also to manage it correctly to secure long-term success and stability....
Cash flow, everyone has a problem with it… Teaching a CEO how to manage cash flow is a challenge, or at least it was in the past. I remember those days when I would sit in a meeting with the owner of the company and accounting. The CEO would virtually glaze over...
Managing sensitive subjects has always been a cornerstone of the turnaround business, but in 2023 the stakes feel higher. Workplace dynamics are shifting; employees now often prefer the flexibility of working from home. While this suits some, it can create tension...
The goal of restoring a business is to get it back on track so that it can be stable and make money. This path often requires short-term sacrifices to reap long-term rewards. As a business change expert who specializes in turning around companies, I’ve heard a...